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

Evoke plc (LON:EVOK) shares shot up 14.5% during trading on Thursday . The company traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). 42,064,105 shares changed hands during mid-day 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 ($0.56).

Analyst Ratings Changes

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

Evoke Trading Down 4.9 %

The company’s 50 day simple moving average is GBX 62.59 and its 200-day simple moving average is GBX 62.10. The firm has a market cap of £207.38 million, a P/E ratio of -1.16 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)) earnings per share 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 anticipate that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling at Evoke

In other Evoke news, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the business’s 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 purchased 14,572 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.92) per share, for a total transaction of £10,200.40 ($13,351.31). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile