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

Evoke plc (LON:EVOK) shares rose 14.5% during trading on Thursday . The company traded as high as GBX 48.90 ($0.62) and last traded at GBX 48.90 ($0.62). Approximately 42,064,105 shares traded hands 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 ($0.55).

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.79) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Up 14.5 %

The stock has a market capitalization of £218.09 million, a P/E ratio of -1.22 and a beta of 0.84. The business has a fifty day simple moving average of GBX 63.50 and a 200 day simple moving average of GBX 62.29.

Evoke (LON:EVOK) last issued its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. As a group, research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average price of GBX 70 ($0.89) per share, for a total transaction of £10,200.40 ($13,033.99). Also, insider Jonathan (Jon) Mendelsohn acquired 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of GBX 48 ($0.61) per share, for a total transaction of £96,000 ($122,668.03). Insiders own 27.00% of the company’s stock.

Evoke Company Profile