Stingray Group (RAY.A) Stock Price, News & Analysis

Company Overview

Stingray Group Inc. operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres. It also offers Stingray Naturescape and ZenLIFE by Stingray, are channels in 4K resolution; Stingray Holidayscapes, a channel that delivers all-day linear content; Ultimate Trivia by Stingray, a channel that provides a stream of questions in various categories and themes; and Stingray Karaoke, a video on demand and TV app. In addition, the company provides Stingray Business, an in-store media solution; Stingray Festival 4K, a TV channel that broadcasts in native 4K and Dolby Digital audio; Stingray Classica, a TV channel dedicated to classical music; Stingray Now 4K, a curated 4K TV channel; and Yokee Karaoke Sing Unlimited Songs, Yokee Piano, Piano Academy, The Piano Keyboard, Sing Karaoke by Stingray, Stingray Kids' Karaoke, and Yokee Music. Further, it offers music videos TV channels that include Stingray Loud, Stingray Retro, Stingray Vibe, Stingray Hits!, Stingray cmusic, PalmarèsADISQ par Stingray, Stingray Music Videos, Stingray Country, Stingray LiteTV, and Stingray Juicebox; Stingray iConcerts, a source for live concerts; and advertising services; and operates radio stations. The company distributes its products and services through various platforms, including digital cable TV, satellite TV, IPTV, OTT, the internet, mobile devices, game consoles, and connected cars. It serves cable and telecom companies, retailers, small and medium businesses, and directly to consumers. The company was formerly known as Stingray Digital Group Inc. and changed its name to Stingray Group Inc. in December 2018. Stingray Group Inc. was founded in 2007 and is headquartered in Montreal, Canada.

Key Stats

• Today's Range: C$8.10 to C$8.30
• 50-Day Range: C$6.80 to C$8.30
• 52-Week Range: C$5.09 to C$8.54
• Volume: 54,594 shs
• Average Volume: 35,300 shs
• Market Capitalization: C$441.06 million
• P/E Ratio: N/A
• Dividend Yield: 3.61%
• Price Target: C$10.50
• Consensus Rating: Buy

Stingray Group Stock Analysis - MarketRank™

Stingray Group scored higher than 52% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Stingray Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Stingray Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Stingray Group is -28.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Stingray Group is -28.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Stingray Group has a PEG Ratio of 1.13. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Stingray Group has a P/B Ratio of 2.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for RAY.A.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Stingray Group is a leading dividend payer. It pays a dividend yield of 4.06%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Stingray Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for RAY.A.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.12

News Sentiment

Stingray Group has a news sentiment score of -0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Communication Services companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Stingray Group this week, compared to 2 articles on an average week.

MarketBeat Follows

3 people have added Stingray Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Stingray Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$114,070.00 in company stock.

Percentage Held by Insiders

25.46% of the stock of Stingray Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 23.73% of the stock of Stingray Group is held by institutions.

RAY.A Stock Analysis - Frequently Asked Questions

How have RAY.A shares performed this year?

Stingray Group's stock was trading at C$6.06 at the beginning of 2024. Since then, RAY.A shares have increased by 37.0% and is now trading at C$8.30.
View the best growth stocks for 2024 here.

How do I buy shares of Stingray Group?

Shares of RAY.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Communication Services
• Industry: Broadcasting
• Sub-Industry: N/A
• Current Symbol: TSE:RAY.A
• CUSIP: N/A
• CIK: N/A
• Web: www.stingray.com
• Phone: +1-514-6641244
• Fax: N/A
• Employees: 1,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$10.50
• High Stock Price Target: C$11.00
• Low Stock Price Target: C$10.00
• Potential Upside/Downside: +26.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.29)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 8.30
• P/E Growth: 1.13
• Net Income: C$-20,560,000.00
• Net Margins: -5.78%
• Pretax Margin: N/A
• Return on Equity: -7.45%
• Return on Assets: 6.63%

Debt

• Debt-to-Equity Ratio: 154.45
• Current Ratio: 1.05
• Quick Ratio: 0.69

Sales & Book Value

• Annual Sales: C$355.51 million
• Price / Sales: 1.24
• Cash Flow: C$0.39 per share
• Price / Cash Flow: 21.45
• Book Value: C$3.72 per share
• Price / Book: 2.23

Miscellaneous

• Outstanding Shares: 53,140,000
• Free Float: N/A
• Market Cap: C$441.06 million
• Optionable: Not Optionable
• Beta: 1.07