Blackbird (LON:BIRD) Shares Up 13.4% – What’s Next?

Blackbird plc (LON:BIRD) shares shot up 13.4% during trading on Tuesday . The company traded as high as GBX 1.59 and last traded at GBX 1.59. 1,006,490 shares traded hands during trading, a decline of 0% from the average session volume of 1,007,411 shares. The stock had previously closed at GBX 1.40.

Blackbird Trading Up 12.9%

The stock has a 50-day simple moving average of GBX 2.03 and a 200 day simple moving average of GBX 2.27. The company has a market cap of £7.59 million, a price-to-earnings ratio of -2.55 and a beta of 0.99.

Blackbird (LON:BIRD) last issued its quarterly earnings results on Monday, March 23rd. The company reported GBX (0.62) EPS 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

In other news, insider Ian McDonough purchased 2,560,700 shares of the stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of GBX 2 per share, with a total value of £51,214. Corporate 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.