Evoke (LON:EVOK) Shares Up 16.4% – Time to Buy?

Shares of Evoke plc (LON:EVOK) rose 16.4% during trading on Tuesday . The stock traded as high as GBX 45.90 ($0.58) and last traded at GBX 44 ($0.56). Approximately 21,217,725 shares traded hands during mid-day trading, an increase of 646% from the average daily volume of 2,844,839 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.78) price objective on shares of Evoke in a research note on Monday, December 16th.

Evoke Trading Up 17.2 %

The firm has a market cap of £197.57 million, a price-to-earnings ratio of -1.11 and a beta of 0.84. The company’s 50-day moving average is GBX 65.63 and its 200-day moving average is GBX 62.80.

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

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction that occurred 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 ($12,984.22). Also, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the business’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of GBX 48 ($0.61) per share, for a total transaction of £96,000 ($122,199.59). Company insiders own 27.00% of the company’s stock.

About Evoke