Evoke (LON:EVOK) Trading 14.5% Higher – What’s Next?

Evoke plc (LON:EVOK) traded up 14.5% on Thursday . The stock traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). 42,063,734 shares traded hands during mid-day trading, an increase of 1,236% from the average session volume of 3,148,376 shares. The stock had previously closed at GBX 42.70 ($0.56).

Wall Street Analysts Forecast Growth

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

Evoke Stock Performance

The firm’s 50-day moving average price is GBX 63.08 and its two-hundred day moving average price is GBX 62.19. The stock has a market cap of £207.38 million, a price-to-earnings ratio of -1.16 and a beta of 0.84.

Evoke (LON:EVOK) last posted 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 net margin of 8.50% and a negative return on equity of 517.98%. As a group, sell-side analysts expect 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 purchased 14,572 shares of the stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.92) per share, for a total transaction of £10,200.40 ($13,351.31). Also, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the firm’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, for a total transaction of £96,000 ($125,654.45). 27.00% of the stock is owned by insiders.

About Evoke