Evoke (LON:EVOK) Stock Price Down 10% – What’s Next?

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

Analyst Ratings Changes

Several analysts have recently issued reports on EVOK shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.81) price target on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank lowered 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 Down 10.0 %

The stock has a market capitalization of £230.70 million, a P/E ratio of -1.29 and a beta of 0.84. The company has a 50-day moving average price of GBX 69.32 and a two-hundred day moving average price of GBX 63.58.

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

Insider Activity at Evoke

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is owned by corporate insiders.

About Evoke