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Evoke (LON:EVOK) Shares Down 10% - What's Next?

Evoke logo with Consumer Cyclical background
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Evoke plc (LON:EVOK - Get Free Report) shares dropped 10% on Friday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares changed hands 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 Upgrades and Downgrades

Several equities research analysts recently issued reports on EVOK shares. Berenberg Bank dropped 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 report on Wednesday, December 4th. Jefferies Financial Group restated a "buy" rating and issued a GBX 140 ($1.81) price target on shares of Evoke in a research report on Monday, December 16th.

Check Out Our Latest Stock Report on Evoke

Evoke Price Performance

The firm has a market cap of £218.09 million, a P/E 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 posted its quarterly earnings data 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%. Analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

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Insider Activity

In related news, insider Jonathan (Jon) Mendelsohn acquired 200,000 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of GBX 48 ($0.62) per share, with a total value of £96,000 ($124,111.18). Also, insider Andrea Gisle Joosen bought 14,572 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,187.33). Company insiders own 27.00% of the company's stock.

About Evoke

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