Evoke (LON:EVOK) Trading Up 14.5% – Time to Buy?

Evoke plc (LON:EVOK) shares shot up 14.5% on Friday . 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 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 Upgrades and Downgrades

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

Evoke Stock Performance

The company has a fifty day moving average of GBX 62.59 and a two-hundred day moving average of GBX 62.10. The firm has a market capitalization of £207.38 million, a price-to-earnings ratio of -1.16 and a beta of 0.84.

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%. Equities analysts forecast that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling at Evoke

In other Evoke news, insider Jonathan (Jon) Mendelsohn acquired 200,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of GBX 48 ($0.63) per share, for a total transaction of £96,000 ($125,654.45). Also, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.92) per share, for a total transaction of £10,200.40 ($13,351.31). Insiders own 27.00% of the company’s stock.

About Evoke