Blackbird (LON:BIRD) Trading Down 6.3% – What’s Next?

Blackbird plc (LON:BIRD) fell 6.3% during trading on Monday . The company traded as low as GBX 2.03 and last traded at GBX 2.03. 214,737 shares were traded during trading, a decline of 79% from the average session volume of 1,026,703 shares. The stock had previously closed at GBX 2.16.

Blackbird Trading Down 6.3%

The firm has a market cap of £9.73 million, a PE ratio of -3.27 and a beta of 0.80. The business’s 50-day simple moving average is GBX 2.10 and its 200 day simple moving average is GBX 2.30.

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

Insider Buying and Selling

In other Blackbird news, insider Ian McDonough bought 2,560,700 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of GBX 2 per share, with a total value of £51,214. Company insiders own 20.80% of the company’s stock.

Blackbird Company Profile

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.