Blackbird (LON:BIRD) Stock Price Up 14.5% – Time to Buy?

Blackbird plc (LON:BIRD) shares rose 14.5% during trading on Wednesday . The company traded as high as GBX 2.19 and last traded at GBX 2.18. Approximately 1,072,715 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 1,029,315 shares. The stock had previously closed at GBX 1.90.

Blackbird Stock Performance

The stock has a market capitalization of £10.45 million, a PE ratio of -3.57 and a beta of 0.80. The stock has a 50-day moving average price of GBX 2.22 and a two-hundred day moving average price of GBX 2.37.

Blackbird (LON:BIRD) last announced its quarterly earnings data on Monday, March 23rd. The company reported GBX (0.62) earnings per share (EPS) for the quarter. Blackbird had a negative net margin of 158.32% and a negative return on equity of 34.87%.

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.