Evoke (LON:EVOK) Trading Up 14.8% – Still a Buy?

Evoke plc (LON:EVOK) shares rose 14.8% during trading on Tuesday . The stock traded as high as GBX 43.75 ($0.56) and last traded at GBX 43.40 ($0.55). Approximately 5,488,005 shares were traded during trading, an increase of 110% from the average daily volume of 2,616,872 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.78) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Up 16.4 %

The stock has a fifty day moving average price of GBX 65.63 and a 200 day moving average price of GBX 62.80. The firm has a market cap of £196.23 million, a price-to-earnings ratio of -1.10 and a beta of 0.84.

Evoke (LON:EVOK) last released 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%. On average, sell-side analysts forecast that Evoke plc will post 12.7648305 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of Evoke stock in a transaction on Monday, March 31st. The stock was purchased at an average cost of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,199.59). Also, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.89) per share, for a total transaction of £10,200.40 ($12,984.22). Company insiders own 27.00% of the company’s stock.

About Evoke