Evoke (LON:EVOK) Shares Up 17.2% – Time to Buy?

Shares of Evoke plc (LON:EVOK) shot up 17.2% during mid-day trading on Wednesday . The company traded as high as GBX 45.90 ($0.59) and last traded at GBX 44.30 ($0.57). 3,500,189 shares changed hands during 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).

Wall Street Analysts Forecast Growth

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

Evoke Trading Down 6.3 %

The firm has a fifty day simple moving average of GBX 64.60 and a 200 day simple moving average of GBX 62.55. The stock has a market cap of £185.08 million, a price-to-earnings ratio of -1.04 and a beta of 0.84.

Evoke (LON:EVOK) last issued 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%. On average, equities analysts expect that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity at Evoke

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was bought 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 dated Monday, March 31st. The stock was purchased at an average cost 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 insiders.

About Evoke