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

Blackbird plc (LON:BIRD)’s share price shot up 10% on Wednesday . The stock traded as high as GBX 1.90 and last traded at GBX 1.87. 2,395,797 shares were traded during 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 company has a market capitalization of £8.98 million, a price-to-earnings ratio of -3.02 and a beta of 0.99. The firm’s 50 day moving average price is GBX 1.96 and its two-hundred day moving average price is GBX 2.24.

Blackbird (LON:BIRD) last released its quarterly earnings data 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 news, insider Ian McDonough acquired 2,560,700 shares of the stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of GBX 2 per share, for a total transaction of £51,214. 20.80% of the stock is owned by corporate 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.