Evoke (LON:EVOK) Trading 14.5% Higher – Here’s What Happened

Evoke plc (LON:EVOK) shares shot up 14.5% on Thursday . The company traded as high as GBX 48.90 ($0.62) and last traded at GBX 48.90 ($0.62). 42,063,734 shares were traded during trading, an increase of 1,236% from the average session volume of 3,148,376 shares. The stock had previously closed at GBX 42.70 ($0.55).

Wall Street Analysts Forecast Growth

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

Evoke Stock Up 14.5 %

The company has a market cap of £218.09 million, a price-to-earnings ratio of -1.22 and a beta of 0.84. The firm has a 50 day moving average price of GBX 63.50 and a two-hundred day moving average price of GBX 62.29.

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%. On average, equities analysts expect that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity at Evoke

In related news, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was purchased at an average cost of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,668.03). Also, insider Andrea Gisle Joosen acquired 14,572 shares of the company’s stock in a transaction dated 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). 27.00% of the stock is owned by company insiders.

About Evoke