Stingray Group (TSE:RAY.A) Shares Cross Below Fifty Day Moving Average - What's Next?

Key Points

• Stingray shares slipped below their fifty‑day moving average, trading as low as C$15.00 and last at C$15.06 versus a 50‑day MA of C$15.66 on volume of 17,931 shares.
• Analysts are broadly positive — four firms rate the stock Buy with an average price target of C$17.42, and several recent upgrades lifted targets as high as C$21.00.
• Fundamentals are mixed: the company has a market cap of C$1.02B and a PE of 23.9, but shows a negative net margin (‑5.78%), negative ROE (‑7.45%) and a high debt‑to‑equity ratio of 154.45, indicating leverage and profitability risks.

Stingray Group (TSE:RAY.A - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.66 and traded as low as C$15.00. Stingray Group shares last traded at C$15.06, with a volume of 17,931 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RAY.A shares. Desjardins increased their price target on Stingray Group from C$16.50 to C$18.50 and gave the company a "buy" rating in a research report on Tuesday, January 20th. National Bank Financial raised their target price on shares of Stingray Group from C$18.00 to C$21.00 and gave the stock an "outperform" rating in a report on Wednesday, February 11th. Canadian Imperial Bank of Commerce upped their price target on shares of Stingray Group from C$13.50 to C$16.00 in a research report on Thursday, November 13th. BMO Capital Markets lifted their price objective on shares of Stingray Group from C$13.00 to C$19.00 in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada boosted their target price on shares of Stingray Group from C$17.00 to C$18.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$17.42.

Stingray Group Stock Performance

The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45. The firm's fifty day moving average price is C$15.66 and its 200 day moving average price is C$13.27. The firm has a market capitalization of C$1.02 billion, a PE ratio of 23.90, a PEG ratio of 1.13 and a beta of 1.48.

Stingray Group (TSE:RAY.A - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.38 earnings per share (EPS) for the quarter. Stingray Group had a negative return on equity of 7.45% and a negative net margin of 5.78%. On average, research analysts anticipate that Stingray Group will post 1 earnings per share for the current year.

Stingray Group Company Profile

Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment. The company generates maximum revenue from the Broadcasting and commercial music segment.

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