Evoke (LON:EVOK) Trading Up 14.5% – Here’s Why

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

Analysts Set New Price Targets

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

Evoke Price Performance

The stock has a market capitalization of £207.38 million, a P/E ratio of -1.16 and a beta of 0.84. The business’s 50 day moving average price is GBX 63.08 and its 200 day moving average price is GBX 62.19.

Evoke (LON:EVOK) last released its quarterly 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, analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average cost 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 Evoke stock in a transaction on Monday, March 31st. The stock was bought at an average price of GBX 48 ($0.63) per share, with a total value of £96,000 ($125,654.45). Insiders own 27.00% of the company’s stock.

About Evoke