Evoke (LON:EVOK) Trading Up 17.2% – Should You Buy?

Shares of Evoke plc (LON:EVOK) were up 17.2% during mid-day trading on Tuesday . The stock traded as high as GBX 45.90 ($0.59) and last traded at GBX 44.30 ($0.57). Approximately 3,500,189 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analyst Ratings Changes

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

Evoke Stock Performance

The company has a market cap of £185.08 million, a PE ratio of -1.04 and a beta of 0.84. The stock’s 50-day simple moving average is GBX 64.60 and its 200 day simple moving average is GBX 62.55.

Evoke (LON:EVOK) last posted 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%. On average, sell-side analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.89) per share, for a total transaction of £10,200.40 ($13,033.99). Also, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of Evoke stock in a transaction dated Monday, March 31st. The shares were bought at an average price of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,668.03). 27.00% of the stock is currently owned by insiders.

Evoke Company Profile