Evoke (LON:EVOK) Trading Down 18.9% – What’s Next?

Evoke plc (LON:EVOK)’s share price dropped 18.9% during mid-day trading on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 57.90 ($0.75). Approximately 6,787,128 shares changed hands during trading, an increase of 234% from the average daily volume of 2,033,852 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analysts Forecast Growth

EVOK has been the topic of a number of analyst reports. Berenberg Bank lowered their target price on 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. Jefferies Financial Group reiterated a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

The company has a 50-day moving average of GBX 69.57 and a two-hundred day moving average of GBX 63.63. The stock has a market capitalization of £258.23 million, a PE ratio of -1.45 and a beta of 0.84.

Evoke (LON:EVOK) last announced its quarterly 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%. On average, research analysts forecast 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 bought 14,572 shares of the firm’s stock in a transaction dated 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). 27.00% of the stock is owned by corporate insiders.

About Evoke