Blackbird (LON:BIRD) Reaches New 1-Year Low – Here’s Why

Blackbird plc (LON:BIRD) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1.61 and last traded at GBX 1.78, with a volume of 327416 shares trading hands. The stock had previously closed at GBX 1.71.

Blackbird Stock Performance

The firm has a market capitalization of £7.20 million, a price-to-earnings ratio of -2.46 and a beta of 0.80. The business has a fifty day moving average price of GBX 2.18 and a 200 day moving average price of GBX 2.35.

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

Insider Activity at Blackbird

In other news, insider Ian McDonough acquired 2,560,700 shares of the business’s 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 currently 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.