Blackbird (LON:BIRD) Reaches New 52-Week High – Here’s Why

Blackbird plc (LON:BIRD) reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 4.75 and last traded at GBX 4.21, with a volume of 2,024,575 shares trading hands. The stock had previously closed at GBX 3.90.

Blackbird Price Performance

The firm’s 50 day moving average price is GBX 2.48 and its two-hundred day moving average price is GBX 2. The firm has a market cap of £21.61 million, a price-to-earnings ratio of -8.33 and a beta of 0.83.

Blackbird (LON:BIRD) last released its earnings results on Monday, September 28th. The company reported GBX (0.32) earnings per share (EPS) for the quarter. Blackbird had a negative net margin of 189.99% and a negative return on equity of 39.59%.

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. elevate.io is built using Blackbird’s core technology and is aimed at professional teams and the fast growing Creator Economy.