Evoke (LON:EVOK) Trading Up 14.5% – Still a Buy?

Evoke plc (LON:EVOK) shares shot up 14.5% on Thursday . The company traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). 42,064,105 shares traded hands 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 Analyst Weigh In

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

Evoke Price Performance

The firm 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 released its earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. Equities analysts forecast that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

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

Evoke Company Profile