Blackbird (LON:BIRD) Shares Up 13.4% – What’s Next?

Blackbird plc (LON:BIRD) traded up 13.4% on Tuesday . The company traded as high as GBX 1.59 and last traded at GBX 1.59. 1,006,490 shares were traded during mid-day trading, a decline of 0% from the average session volume of 1,007,411 shares. The stock had previously closed at GBX 1.40.

Blackbird Trading Up 12.9%

The company has a market cap of £7.59 million, a price-to-earnings ratio of -2.55 and a beta of 0.99. The business has a fifty day moving average of GBX 2.03 and a two-hundred day moving average of GBX 2.27.

Blackbird (LON:BIRD) last released its quarterly earnings results on Monday, March 23rd. The company reported GBX (0.62) earnings per share 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 other news, insider Ian McDonough bought 2,560,700 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of GBX 2 per share, for a total transaction 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.