Evoke (LON:EVOK) Stock Price Down 20.9% – Here’s What Happened

Shares of Evoke plc (LON:EVOK) dropped 20.9% on Wednesday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 56.50 ($0.73). 8,039,770 shares traded hands during trading, an increase of 291% from the average daily volume of 2,054,730 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a report on Monday, December 16th. Berenberg Bank cut 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 report on Wednesday, December 4th.

Evoke Trading Down 20.0 %

The firm has a market capitalization of £254.73 million, a price-to-earnings ratio of -1.43 and a beta of 0.84. The company has a fifty day moving average price of GBX 69.75 and a two-hundred day moving average price of GBX 63.69.

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

Insiders Place Their Bets

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

Evoke Company Profile