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

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

Blackbird Stock Down 3.7%

The stock has a fifty day moving average of GBX 2.06 and a 200-day moving average of GBX 2.28. The firm has a market capitalization of £9.49 million, a P/E ratio of -3.19 and a beta of 0.80.

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

Insiders Place Their Bets

In other news, insider Ian McDonough acquired 2,560,700 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was purchased at an average cost of GBX 2 per share, with a total value of £51,214. Corporate insiders own 20.80% of the company’s stock.

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.