Evoke (LON:EVOK) Stock Price Up 14.5% – Here’s Why

Evoke plc (LON:EVOK)’s share 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 changed 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).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.83) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

The firm has a market cap of £207.38 million, a price-to-earnings ratio of -1.16 and a beta of 0.84. The stock has a 50-day moving average price of GBX 63.08 and a 200 day moving average price of GBX 62.19.

Evoke (LON:EVOK) last issued its quarterly earnings data 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, equities research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling

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

About Evoke