Evoke (LON:EVOK) Shares Down 17.6% – Here’s What Happened

Posted by Tech Dows on Mar 26th, 2025

Evoke plc (LON:EVOK – Get Free Report) dropped 17.6% during trading on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 58.85 ($0.76). Approximately 5,671,470 shares traded hands during mid-day trading, an increase of 181% from the average daily volume of 2,015,258 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EVOK. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research note on Monday, December 16th. Berenberg Bank reduced their price objective on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research note on Wednesday, December 4th.

Read Our Latest Analysis on Evoke

Evoke Price Performance

The company’s 50-day simple moving average is GBX 69.57 and its 200-day simple moving average is GBX 63.63. The company has a market cap of £261.79 million, a price-to-earnings ratio of -1.47 and a beta of 0.84.

Evoke (LON:EVOK – Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. Equities analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insiders Place Their Bets

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by corporate insiders.