Evoke (LON:EVOK) Shares Up 17.2% – Still a Buy?

Evoke plc (LON:EVOK)’s stock price traded up 17.2% during trading on Wednesday . The stock traded as high as GBX 45.90 ($0.59) and last traded at GBX 44.30 ($0.57). 3,500,189 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analyst Upgrades and Downgrades

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

Evoke Trading Down 6.3 %

The stock has a market capitalization of £185.08 million, a PE ratio of -1.04 and a beta of 0.84. The firm has a 50-day moving average price of GBX 64.60 and a 200-day moving average price of GBX 62.55.

Evoke (LON:EVOK) last posted its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. Sell-side analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Transactions at Evoke

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

Evoke Company Profile