Evoke Pharma, Inc. (NASDAQ:EVOK – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.69 and traded as low as $2.66. Evoke Pharma shares last traded at $2.76, with a volume of 5,680 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen initiated coverage on shares of Evoke Pharma in a report on Thursday, May 15th. They issued a “sell” rating for the company.
Get Our Latest Stock Report on EVOK
Evoke Pharma Stock Down 0.2%
Evoke Pharma (NASDAQ:EVOK – Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The specialty pharmaceutical company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.18). Evoke Pharma had a negative net margin of 43.80% and a negative return on equity of 101.91%. The business had revenue of $3.08 million for the quarter, compared to the consensus estimate of $3.32 million.
Hedge Funds Weigh In On Evoke Pharma
An institutional investor recently raised its position in Evoke Pharma stock. Nantahala Capital Management LLC boosted its holdings in shares of Evoke Pharma, Inc. (NASDAQ:EVOK – Free Report) by 163.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,194 shares of the specialty pharmaceutical company’s stock after purchasing an additional 91,945 shares during the period. Nantahala Capital Management LLC owned about 9.95% of Evoke Pharma worth $655,000 at the end of the most recent reporting period.
Evoke Pharma Company Profile
Evoke Pharma, Inc, a specialty pharmaceutical company, primarily focuses on the development and commercialization of drugs for the treatment of gastroenterological disorders and diseases. It offers Gimoti, a metoclopramide nasal spray to treat symptoms associated with acute and recurrent diabetic gastroparesis in adults.
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