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

Evoke plc (LON:EVOK)’s share price was up 14.5% during mid-day trading on Thursday . The stock traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). Approximately 42,064,105 shares traded hands 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).

Wall Street Analyst Weigh In

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

Evoke Stock Performance

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

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

Insider Buying and Selling

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

About Evoke