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

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

Blackbird Trading Up 10.0%

The firm has a market cap of £8.98 million, a price-to-earnings ratio of -3.02 and a beta of 0.99. The stock’s 50 day moving average is GBX 1.96 and its 200 day moving average is GBX 2.24.

Blackbird (LON:BIRD) last announced its quarterly 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 related news, insider Ian McDonough purchased 2,560,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average price of GBX 2 per share, for a total transaction 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.