Evoke (LON:EVOK) Stock Price Up 17.2% – Here’s Why

Evoke plc (LON:EVOK)’s share price was up 17.2% during mid-day trading on Wednesday . The company traded as high as GBX 45.90 ($0.60) and last traded at GBX 44.30 ($0.58). Approximately 3,500,189 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.49).

Wall Street Analysts Forecast Growth

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

Evoke Stock Performance

The firm has a market capitalization of £204.71 million, a P/E ratio of -1.15 and a beta of 0.84. The stock has a fifty day moving average price of GBX 63.08 and a two-hundred day moving average price of GBX 62.19.

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

Insider Buying and Selling

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

About Evoke