Evoke (LON:EVOK) Trading Up 14.8% – Time to Buy?

Evoke plc (LON:EVOK)’s stock price rose 14.8% during trading on Tuesday . The company traded as high as GBX 43.75 ($0.57) and last traded at GBX 43.40 ($0.56). Approximately 5,488,005 shares were traded during trading, an increase of 110% from the average daily volume of 2,616,872 shares. The stock had previously closed at GBX 37.80 ($0.49).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.82) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Stock Performance

The firm has a market capitalization of £218.09 million, a price-to-earnings ratio of -1.22 and a beta of 0.84. The company’s fifty day moving average price is GBX 63.50 and its 200 day moving average price is GBX 62.29.

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

Insider Buying and Selling

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,240.39). Also, insider Jonathan (Jon) Mendelsohn acquired 200,000 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of GBX 48 ($0.62) per share, with a total value of £96,000 ($124,610.59). 27.00% of the stock is owned by corporate insiders.

Evoke Company Profile