Evoke (LON:EVOK) Stock Price Up 14.5% – Time to Buy?

Evoke plc (LON:EVOK) shot up 14.5% during mid-day trading on Thursday . The company traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). 42,064,105 shares were traded during mid-day trading, an increase of 1,236% from the average session volume of 3,148,381 shares. The stock had previously closed at GBX 42.70 ($0.56).

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.83) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 4.9 %

The firm’s 50 day simple moving average is GBX 63.08 and its 200 day simple moving average is GBX 62.19. The firm has a market cap of £207.38 million, a PE ratio of -1.16 and a beta of 0.84.

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

Insider Activity at Evoke

In other news, insider Andrea Gisle Joosen bought 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.92) per share, with a total value of £10,200.40 ($13,351.31). Also, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of GBX 48 ($0.63) per share, with a total value of £96,000 ($125,654.45). 27.00% of the stock is owned by insiders.

Evoke Company Profile