Evoke (LON:EVOK) Trading Down 18.7% – What’s Next?

Evoke plc (LON:EVOK)’s share price traded down 18.7% on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). 55,595,465 shares were traded during mid-day trading, an increase of 1,853% from the average session volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Berenberg Bank lowered their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Stock Performance

The stock’s 50 day moving average price is GBX 68.88 and its 200 day moving average price is GBX 63.49. The company has a market capitalization of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84.

Evoke (LON:EVOK) last issued its quarterly 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%. On average, analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity at Evoke

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). 27.00% of the stock is owned by corporate insiders.

About Evoke