Evoke (LON:EVOK) Stock Price Up 14.5% – Should You Buy?

Evoke plc (LON:EVOK) traded 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). 42,064,105 shares traded hands during 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).

Wall Street Analyst Weigh In

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

Evoke Stock Down 4.9 %

The company has a market capitalization of £207.38 million, a PE ratio of -1.16 and a beta of 0.84. The firm’s 50 day simple moving average is GBX 63.08 and its 200 day simple moving average is GBX 62.19.

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 return on equity of 517.98% and a negative net margin of 8.50%. As a group, sell-side analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Transactions at Evoke

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was acquired at an average cost 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 stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of GBX 48 ($0.63) per share, with a total value of £96,000 ($125,654.45). Company insiders own 27.00% of the company’s stock.

About Evoke