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

Company Overview

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.

Key Stats

• Today's Range: C$10.09 to C$10.24
• 50-Day Range: C$9.65 to C$10.99
• 52-Week Range: C$6.76 to C$11.26
• Volume: 40,229 shs
• Average Volume: 31,127 shs
• Market Capitalization: C$688.44 million
• P/E Ratio: 15.41
• Dividend Yield: 2.95%
• Price Target: C$12.00
• Consensus Rating: Moderate Buy

Stingray Group Stock Analysis - MarketRank™

Stingray Group scored higher than 59% 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: 3.0 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Stingray Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Upside Potential

Stingray Group has a consensus price target of C$12.00, representing about 18.0% upside from its current price of C$10.17.

Amount of Analyst Coverage

Stingray Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Stingray Group is 15.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of Stingray Group is 15.41, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 364.52.

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 2.73. 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 Yield

Stingray Group pays a meaningful dividend of 2.94%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of Stingray Group is 45.45%. This payout ratio is at a healthy, sustainable level, below 75%.

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: 2.8 / 5
• News Sentiment: 1.09

News Sentiment

Stingray Group has a news sentiment score of 1.09. 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 higher news sentiment than the 0.55 average news sentiment score of Communication Services companies.

News Coverage This Week

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

MarketBeat Follows

1 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$129,441.00 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 10.19% 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$7.55 on January 1st, 2025. Since then, RAY.A stock has increased by 34.7% and is now trading at C$10.17.

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.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Communication Services
• Industry: Broadcasting
• Sub-Industry: N/A
• Current Symbol: TSE:RAY.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 Price Target for Stingray Group: C$12.00
• High Price Target: C$13.50
• Low Price Target: C$11.00
• Potential Upside/Downside: +18.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): C$0.66
• Trailing P/E Ratio: 15.41
• Forward P/E Ratio: 10.17
• P/E Growth: 1.13
• Net Income: -C$20.56 million
• 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$393.46 million
• Price / Sales: 1.75
• Cash Flow: C$0.47 per share
• Price / Cash Flow: 21.45
• Book Value: C$3.72 per share
• Price / Book: 2.73

Miscellaneous

• Outstanding Shares: 67,693,000
• Free Float: N/A
• Market Cap: C$688.44 million
• Optionable: Not Optionable
• Beta: 1.10