Blackbird (LON:BIRD) Reaches New 12-Month Low – Here’s Why

Blackbird plc (LON:BIRD)’s stock price hit a new 52-week low on Monday . The company traded as low as GBX 1.40 and last traded at GBX 1.50, with a volume of 2298017 shares. The stock had previously closed at GBX 1.84.

Blackbird Stock Up 7.2%

The business has a 50-day simple moving average of GBX 2.01 and a two-hundred day simple moving average of GBX 2.26. The company has a market cap of £8.24 million, a price-to-earnings ratio of -2.77 and a beta of 0.99.

Blackbird (LON:BIRD) last announced 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 Blackbird news, insider Ian McDonough acquired 2,560,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average price of GBX 2 per share, with a total value of £51,214. Corporate 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.