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

Evoke plc (LON:EVOK)’s share price rose 14.5% during mid-day trading on Thursday . The stock traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). Approximately 42,063,734 shares were traded during mid-day trading, an increase of 1,236% from the average daily volume of 3,148,376 shares. The stock had previously closed at GBX 42.70 ($0.56).

Analyst Upgrades and Downgrades

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

Evoke Trading Down 4.9 %

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

Evoke (LON:EVOK) last announced 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%. Research analysts expect that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

In other news, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of GBX 48 ($0.63) per share, with a total value of £96,000 ($125,654.45). Also, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of GBX 70 ($0.92) per share, with a total value of £10,200.40 ($13,351.31). Corporate insiders own 27.00% of the company’s stock.

About Evoke