Evoke (LON:EVOK) Stock Price Up 17.2% – Should You Buy?

Shares of Evoke plc (LON:EVOK) were up 17.2% during mid-day trading on Tuesday . The stock traded as high as GBX 45.90 ($0.59) and last traded at GBX 44.30 ($0.57). Approximately 3,500,189 shares changed 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).

Analysts Set New Price Targets

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

Evoke Stock Up 17.2 %

The firm’s 50 day moving average is GBX 64.60 and its two-hundred day moving average is GBX 62.55. The stock has a market cap of £197.57 million, a price-to-earnings ratio of -1.11 and a beta of 0.84.

Evoke (LON:EVOK) last announced 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 return on equity of 517.98% and a negative net margin of 8.50%. On average, analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling at Evoke

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

About Evoke