Evoke (LON:EVOK) Trading 14.5% Higher – Should You Buy?

Shares of Evoke plc (LON:EVOK) traded up 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). 42,064,105 shares were traded during 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).

Analyst Upgrades and Downgrades

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

Evoke Stock Performance

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

Evoke (LON:EVOK) last posted 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%. Sell-side analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired 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 purchased 200,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost 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.

Evoke Company Profile