Evoke (LON:EVOK) Trading 17.2% Higher – Should You Buy?

Evoke plc (LON:EVOK) shares shot up 17.2% on Tuesday . The company 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 reissued a “buy” rating and issued a GBX 140 ($1.79) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The firm’s 50-day simple moving average is GBX 64.60 and its 200 day simple moving average is GBX 62.55. The company has a market capitalization of £197.57 million, a PE ratio of -1.11 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)) earnings per share for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. As a group, equities analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling at Evoke

In other Evoke news, insider Andrea Gisle Joosen purchased 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, for a total transaction of £10,200.40 ($13,033.99). Also, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was acquired 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.

Evoke Company Profile