Blackbird (LON:BIRD) Stock Price Down 3.7% – What’s Next?

Blackbird plc (LON:BIRD) shares were down 3.7% on Thursday . The stock traded as low as GBX 1.82 and last traded at GBX 1.98. Approximately 924,750 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 967,758 shares. The stock had previously closed at GBX 2.05.

Blackbird Stock Performance

The firm has a market cap of £9.49 million, a price-to-earnings ratio of -3.19 and a beta of 0.80. The business’s 50-day moving average is GBX 2.06 and its 200-day moving average is GBX 2.28.

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

Insider Activity

In other news, insider Ian McDonough bought 2,560,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average price of GBX 2 per share, for a total transaction of £51,214. 20.80% of the stock is owned by company insiders.

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.