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Evoke (LON:EVOK) Stock Price Up 17.2% - Here's What Happened

Evoke logo with Consumer Cyclical background

Evoke plc (LON:EVOK - Get Free Report)'s stock price was up 17.2% during trading on Wednesday . The company traded as high as GBX 45.90 ($0.60) and last traded at GBX 44.30 ($0.58). Approximately 3,500,189 shares changed 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 ($0.49).

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on EVOK

Evoke Stock Up 2.8 %

The firm has a market cap of £213.18 million, a price-to-earnings ratio of -1.19 and a beta of 0.84. The company's 50-day moving average price is GBX 62.59 and its 200-day moving average price is GBX 62.11.

Evoke (LON:EVOK - Get Free Report) last released its 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, sell-side analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.92) per share, with a total value of £10,200.40 ($13,346.07). Also, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average cost of GBX 48 ($0.63) per share, for a total transaction of £96,000 ($125,605.13). Insiders own 27.00% of the company's stock.

About Evoke

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