Evoke (LON:EVOK) Shares Up 14.5% – Here’s What Happened

Evoke plc (LON:EVOK)’s share price shot up 14.5% during trading on Thursday . The company traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). 42,064,105 shares changed hands during mid-day trading, an increase of 1,236% from the average session volume of 3,148,381 shares. The stock had previously closed at GBX 42.70 ($0.56).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.83) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Down 4.9 %

The stock’s 50-day simple moving average is GBX 63.08 and its 200 day simple moving average is GBX 62.19. The firm has a market cap of £207.38 million, a P/E ratio of -1.16 and a beta of 0.84.

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

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average price of GBX 70 ($0.92) per share, with a total value of £10,200.40 ($13,351.31). Also, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of GBX 48 ($0.63) per share, with a total value of £96,000 ($125,654.45). 27.00% of the stock is owned by company insiders.

About Evoke