Evoke (LON:EVOK) Shares Up 14.5% – Time to Buy?

Shares of Evoke plc (LON:EVOK) traded up 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). 42,064,105 shares were traded during mid-day trading, an increase of 1,236% from the average session volume of 3,148,381 shares. The stock had previously closed at GBX 42.70 ($0.56).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued 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 fifty day simple moving average of GBX 63.08 and a 200 day simple moving average of GBX 62.19. The company has a market capitalization of £207.38 million, a PE ratio of -1.16 and a beta of 0.84.

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

Insider Activity at Evoke

In other news, insider Andrea Gisle Joosen acquired 14,572 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.92) per share, with a total value of £10,200.40 ($13,351.31). Also, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost 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 corporate insiders.

Evoke Company Profile