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TSE:RAY.A

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

C$7.40
-0.01 (-0.13%)
(As of 02:14 PM ET)
Today's Range
C$7.34
C$7.50
50-Day Range
C$6.90
C$8.05
52-Week Range
C$4.21
C$8.10
Volume
3,200 shs
Average Volume
42,413 shs
Market Capitalization
C$373.63 million
P/E Ratio
13.96
Dividend Yield
4.05%
Price Target
C$9.17

Stingray Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.9% Upside
C$9.17 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.21 out of 5 stars

RAY.A stock logo

About Stingray Group Stock (TSE:RAY.A)

Stingray Group Inc. provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers. Its TV channels also include Stingray Festival 4K that broadcasts concerts, theatre productions, circuses, DJ sets, ballets and operas, and others in 4K and dolby digital audio; Stingray Classica, which offers classical music, operas, ballets, concerts, and documentaries; Stingray Juicebox, a music video TV channel; Stingray Loud, a music video channel that broadcasts rock, hard rock, metal, punk, and other music; Stingray Retro, a music video TV; Stingray Now 4K, a TV channel that offers 4K videos; Stingray Hits!, a music video TV channel; Stingray Qello, which broadcasts performances, concert films, and music documentaries; and NatureVision TV, a 24/7 channel that is available online and on television. In addition, the company offers Yokee, which transforms mobile phones and tablets into wireless karaoke machines. It distributes its content through various platforms, including digital and satellite TV, IPTV, Internet, mobile devices, Wi-Fi systems, game consoles, and connected cars. 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 incorporated in 2006 and is headquartered in Montreal, Canada.

RAY.A Stock Price History

RAY.A Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Stingray Group Inc.
See More Headlines
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Industry, Sector and Symbol

Industry
Media - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$9.17
High Stock Price Target
C$10.00
Low Stock Price Target
C$8.00
Potential Upside/Downside
+23.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
C$37.02 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$340.69 million
Cash Flow
C$0.35 per share
Book Value
C$4.43 per share

Miscellaneous

Free Float
N/A
Market Cap
C$374.13 million
Optionable
Not Optionable
Beta
1.09
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Key Executives

  • Mr. Eric Boyko (Age 49)
    Co-Founder, Pres, CEO & Non-Independent Director
  • Mr. Jean-Pierre Trahan
    Chief Financial Officer
  • Mr. Mario DuBois
    Sr. VP & CTO
  • Mr. Lloyd Perry Feldman
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Mathieu Péloquin
    Sr. VP of Marketing & Communications

RAY.A Stock Analysis - Frequently Asked Questions

Should I buy or sell Stingray Group stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stingray Group in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RAY.A shares.
View RAY.A analyst ratings
or view top-rated stocks.

What is Stingray Group's stock price target for 2024?

4 analysts have issued 1 year price targets for Stingray Group's shares. Their RAY.A share price targets range from C$8.00 to C$10.00. On average, they predict the company's share price to reach C$9.17 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price.
View analysts price targets for RAY.A
or view top-rated stocks among Wall Street analysts.

How have RAY.A shares performed in 2024?

Stingray Group's stock was trading at C$6.06 at the beginning of the year. Since then, RAY.A stock has increased by 22.1% and is now trading at C$7.40.
View the best growth stocks for 2024 here
.

Is Stingray Group a good dividend stock?

Stingray Group (TSE:RAY.A) pays an annual dividend of C$0.30 per share and currently has a dividend yield of 3.91%. The dividend payout ratio is 56.60%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RAY.A.

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.

This page (TSE:RAY.A) was last updated on 4/19/2024 by MarketBeat.com Staff

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