Evoke (LON:EVOK) Shares Up 14.5% – Should You Buy?

Evoke plc (LON:EVOK)’s stock price rose 14.5% during trading on Thursday . The stock traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). Approximately 42,064,105 shares traded hands during mid-day trading, an increase of 1,236% from the average daily volume of 3,148,381 shares. The stock had previously closed at GBX 42.70 ($0.56).

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.83) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Stock Performance

The stock has a market cap of £207.38 million, a P/E ratio of -1.16 and a beta of 0.84. The business has a 50 day simple moving average of GBX 63.08 and a 200-day simple moving average of GBX 62.19.

Evoke (LON:EVOK) last posted 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%. On average, sell-side analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.92) per share, for a total transaction of £10,200.40 ($13,351.31). Also, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the business’s stock in a transaction on Monday, March 31st. The stock was bought at an average price of GBX 48 ($0.63) per share, with a total value of £96,000 ($125,654.45). 27.00% of the stock is currently owned by company insiders.

Evoke Company Profile