Evoke (LON:EVOK) Shares Up 17.2% – Still a Buy?

Evoke plc (LON:EVOK)’s share price was up 17.2% during mid-day trading on Tuesday . The company traded as high as GBX 45.90 ($0.59) and last traded at GBX 44.30 ($0.57). Approximately 3,500,189 shares traded hands during trading, an increase of 35% from the average daily volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.79) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The company’s 50-day moving average price is GBX 64.60 and its 200 day moving average price is GBX 62.55. The stock has a market capitalization of £197.57 million, a P/E ratio of -1.11 and a beta of 0.84.

Evoke (LON:EVOK) last posted its earnings results 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%. Analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.89) per share, for a total transaction of £10,200.40 ($13,033.99). Also, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of Evoke stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,668.03). Insiders own 27.00% of the company’s stock.

Evoke Company Profile