Evoke (LON:EVOK) Stock Price Down 10% – Here’s What Happened

Evoke plc (LON:EVOK)’s stock price traded down 10% on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares changed hands during mid-day trading, an increase of 1,994% from the average session volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank dropped their target price on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Evoke Stock Performance

The business has a fifty day moving average of GBX 69.32 and a two-hundred day moving average of GBX 63.58. The firm has a market capitalization of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84.

Evoke (LON:EVOK) last released its quarterly earnings data 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, sell-side analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling at Evoke

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

Evoke Company Profile