Evoke (LON:EVOK) Stock Price Up 17.2% – What’s Next?

Evoke plc (LON:EVOK) was up 17.2% during mid-day trading on Wednesday . The stock traded as high as GBX 45.90 ($0.60) and last traded at GBX 44.30 ($0.58). Approximately 3,500,189 shares changed hands during trading, an increase of 35% from the average daily volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.49).

Analysts Set New Price Targets

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

Evoke Price Performance

The company has a 50-day simple moving average of GBX 63.08 and a 200-day simple moving average of GBX 62.19. The stock has a market cap of £208.28 million, a PE ratio of -1.17 and a beta of 0.84.

Evoke (LON:EVOK) last announced 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%. On average, equities analysts expect that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

In other news, insider Jonathan (Jon) Mendelsohn purchased 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, for a total transaction of £96,000 ($124,610.59). Also, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,240.39). Insiders own 27.00% of the company’s stock.

About Evoke