Evoke plc (LON:EVOK - Get Free Report) dropped 18.7% during trading on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares were traded during mid-day trading, an increase of 1,853% from the average daily volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).
Wall Street Analysts Forecast Growth
Several research firms have commented on EVOK. Berenberg Bank lowered their target price on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a "buy" rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group restated a "buy" rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th.
Get Our Latest Stock Analysis on Evoke
Evoke Stock Up 3.0 %
The stock has a market cap of £218.09 million, a price-to-earnings ratio of -1.22 and a beta of 0.84. The company's 50-day simple moving average is GBX 68.36 and its 200-day simple moving average is GBX 63.39.
Evoke (LON:EVOK - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. As a group, analysts expect that Evoke plc will post 12.7648305 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Andrea Gisle Joosen acquired 14,572 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,178.81). Also, insider Jonathan (Jon) Mendelsohn acquired 200,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of GBX 48 ($0.62) per share, for a total transaction of £96,000 ($124,031.01). 27.00% of the stock is currently owned by corporate insiders.
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