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

Shares of Evoke plc (LON:EVOK) were up 14.5% 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 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 restated a “buy” rating and issued a GBX 140 ($1.83) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Stock Performance

The firm has a market capitalization of £207.38 million, a PE ratio of -1.16 and a beta of 0.84. The firm’s 50 day moving average price is GBX 63.08 and its 200-day moving average price is GBX 62.19.

Evoke (LON:EVOK) last posted its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. On average, equities research analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

About Evoke