Evoke (LON:EVOK) Shares Up 14.5% – Still a Buy?

Shares of Evoke plc (LON:EVOK) were up 14.5% on Friday . The stock traded as high as GBX 48.90 ($0.64) and last traded at GBX 48.90 ($0.64). Approximately 42,064,105 shares were traded during mid-day trading, an increase of 1,236% from the average daily 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 set a GBX 140 ($1.83) price objective 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 P/E ratio of -1.16 and a beta of 0.84. The business has a 50 day moving average of GBX 62.59 and a 200 day moving average of GBX 62.10.

Evoke (LON:EVOK) last released 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, research analysts anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity

In other news, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the stock in a transaction dated Monday, March 31st. The stock was purchased 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 that occurred on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.92) per share, for a total transaction of £10,200.40 ($13,351.31). Corporate insiders own 27.00% of the company’s stock.

About Evoke