The trading price of Evoke Pharma Inc (NASDAQ:EVOK) floating higher at last check on current market day and closing at $9.10, 71.70% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $8.33 and $12.3199. In examining the 52-week price action we see that the stock hit a 52-week high of $17.88 and a 52-week low of $3.54. Over the past month, the stock has gained 89.19% in value.
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Evoke Pharma Inc, whose market valuation is $7.46 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-07. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.38 per share this quarter, however they have predicted annual earnings per share of -2.42 for current year and 0.24 for next year.
Analysts have forecast the company to bring in revenue of 3.36M for the current quarter, with the likely lows of 3.36M and highs of 3.36M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 11.38M.
On the technical side, indicators suggest EVOK has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that EVOK’s price is currently 67.55% off the SMA20 and 87.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 84.83, and weekly volatility stands at 6.66%. When measured over the past 30 days, the indicator reaches 8.62%. Evoke Pharma Inc (NASDAQ:EVOK)’s beta value is currently sitting at 0.38, while the Average True Range indicator is currently displaying 0.90.
To see how Evoke Pharma Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: EVOK stock’s performance was 71.70% at last check in today’s session, and -34.06% in the past year.
An evaluation of the daily trading volume of Evoke Pharma Inc (NASDAQ:EVOK) indicates that the 3-month average is 73.14K. However, this figure has increased over the past 10 days to an average of 9850.0.
Currently, records show that 0.82 million of the company’s shares remain outstanding. The insiders hold 8.32% of outstanding shares, whereas institutions hold 35.53%. The stats also highlight that short interest as of 2024-10-15, stood at 25992.0 shares, resulting in a short ratio of 0.65 at that time. From this, we can conclude that short interest is 320.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 65617.0. However, since the stock’s price has seen -27.80% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
