Evoke (LON:EVOK) Stock Price Up 14.5% – Should You Buy?

Evoke plc (LON:EVOK)’s stock price traded up 14.5% on Thursday . The stock traded as high as GBX 48.90 ($0.63) and last traded at GBX 48.90 ($0.63). 42,064,105 shares changed hands during trading, an increase of 1,236% from the average session volume of 3,148,381 shares. The stock had previously closed at GBX 42.70 ($0.55).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.82) price target on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

The business’s 50-day moving average is GBX 63.08 and its two-hundred day moving average is GBX 62.19. The firm has a market cap of £218.09 million, a P/E ratio of -1.22 and a beta of 0.84.

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 predict that Evoke plc will post 12.7648305 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of Evoke stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of GBX 48 ($0.62) per share, for a total transaction of £96,000 ($124,610.59). Also, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,240.39). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile