Evoke (LON:EVOK) Trading 14.5% Higher – Time to Buy?

Evoke plc (LON:EVOK) shares were 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 were traded during 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 Analysts Forecast Growth

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

Evoke Trading Down 4.9 %

The firm has a 50-day moving average of GBX 63.08 and a 200-day moving average of GBX 62.19. The stock has a market capitalization of £207.38 million, a price-to-earnings ratio of -1.16 and a beta of 0.84.

Evoke (LON:EVOK) last released its earnings results 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%. On average, equities research analysts anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insider Transactions at Evoke

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

Evoke Company Profile