Blackbird (LON:BIRD) Sets New 1-Year High – Should You Buy?

Blackbird plc (LON:BIRD)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as GBX 4.75 and last traded at GBX 4.21, with a volume of 2,024,575 shares changing hands. The stock had previously closed at GBX 3.90.

Blackbird Trading Up 8.0%

The company has a market capitalization of £20.22 million, a PE ratio of -7.80 and a beta of 0.83. The stock has a fifty day moving average of GBX 2.35 and a two-hundred day moving average of GBX 1.98.

Blackbird (LON:BIRD) last released its earnings results on Monday, September 28th. The company reported GBX (0.32) earnings per share for the quarter. Blackbird had a negative return on equity of 39.59% and a negative net margin of 189.99%.

About Blackbird

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. elevate.io is built using Blackbird’s core technology and is aimed at professional teams and the fast growing Creator Economy.