Blackbird (LON:BIRD) Hits New 1-Year Low – Time to Sell?

Blackbird plc (LON:BIRD)’s stock price reached a new 52-week low on Monday . The company 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 Price Performance

The company has a 50 day moving average price of GBX 2.20 and a two-hundred day moving average price of GBX 2.35. The stock has a market cap of £8.53 million, a PE ratio of -2.91 and a beta of 0.80.

Blackbird (LON:BIRD) last announced 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%.

Insider Transactions at Blackbird

In related news, insider Ian McDonough bought 2,560,700 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was acquired 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.