Evoke (LON:EVOK) Trading Up 17.2% – What’s Next?

Evoke plc (LON:EVOK) shares shot up 17.2% during trading on Tuesday . The stock traded as high as GBX 45.90 ($0.58) and last traded at GBX 44.30 ($0.56). 3,500,189 shares changed 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 reaffirmed a “buy” rating and set a GBX 140 ($1.78) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

The stock 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 posted its quarterly 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%. Sell-side analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insiders Place Their Bets

In other Evoke news, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the business’s stock in a transaction on Monday, March 31st. The stock was bought at an average price of GBX 48 ($0.61) per share, for a total transaction of £96,000 ($122,199.59). Also, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke stock in a transaction on Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.89) per share, for a total transaction of £10,200.40 ($12,984.22). 27.00% of the stock is owned by company insiders.

About Evoke