Blackbird (LON:BIRD) Trading Up 10% – What’s Next?

Blackbird plc (LON:BIRD)’s stock price was up 10% during mid-day trading on Wednesday . The stock traded as high as GBX 1.90 and last traded at GBX 1.87. Approximately 2,395,797 shares were traded during trading, an increase of 133% from the average daily volume of 1,028,217 shares. The stock had previously closed at GBX 1.70.

Blackbird Trading Up 3.8%

The firm has a fifty day simple moving average of GBX 1.94 and a 200-day simple moving average of GBX 2.23. The stock has a market cap of £9.47 million, a price-to-earnings ratio of -3.18 and a beta of 0.99.

Blackbird (LON:BIRD) last posted its quarterly earnings data on Monday, March 23rd. The company reported GBX (0.62) earnings per share (EPS) for the quarter. Blackbird had a negative return on equity of 40.32% and a negative net margin of 188.48%.

Insider Buying and Selling at Blackbird

In related news, insider Ian McDonough purchased 2,560,700 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were bought at an average price of GBX 2 per share, with a total value of £51,214. 20.80% of the stock is currently owned by company insiders.

About Blackbird

Blackbird plc operates in the fast-growing SaaS, Media and Entertainment and content creation markets. Blackbird plc’s patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud and it has two products.

Blackbird? a market leading suite of cloud-native computing applications, is used by rights holders, broadcasters, sports and news video specialists, live events and content owners, post production houses, other mass market digital video channels and corporations.

elevate.io is the company’s new browser-based collaborative content creation platform currently in general release.