Evoke (LON:EVOK) Trading Up 14.5% – What’s Next?

Evoke plc (LON:EVOK)’s share price was up 14.5% 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 mid-day 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 restated a “buy” rating and issued a GBX 140 ($1.83) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Stock Down 4.9 %

The stock has a fifty 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 PE ratio of -1.16 and a beta of 0.84.

Evoke (LON:EVOK) last posted 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 return on equity of 517.98% and a negative net margin of 8.50%. Equities research analysts expect that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity

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

About Evoke