Evoke (LON:EVOK) Trading 17.2% Higher – Should You Buy?

Evoke plc (LON:EVOK)’s share price traded up 17.2% during trading on Tuesday . The company traded as high as GBX 45.90 ($0.58) and last traded at GBX 44.30 ($0.56). 3,500,189 shares traded hands during trading, an increase of 35% from the average session volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated 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 17.2 %

The firm has a market capitalization of £197.57 million, a PE ratio of -1.11 and a beta of 0.84. The firm has a 50-day moving average of GBX 65.63 and a two-hundred day moving average of GBX 62.80.

Evoke (LON:EVOK) last released its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. Equities research 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 acquired 14,572 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.89) per share, with a total value of £10,200.40 ($12,984.22). Also, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of GBX 48 ($0.61) per share, for a total transaction of £96,000 ($122,199.59). Company insiders own 27.00% of the company’s stock.

About Evoke