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S&P 500   4,299.70
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66,000% upside on tiny biotech? (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
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WARNING: Seven millionaires to trigger sudden market panic? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
66,000% upside on tiny biotech? (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Low Beta Stocks To Offset A Possible Hard Landing
66,000% upside on tiny biotech? (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
66,000% upside on tiny biotech? (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Low Beta Stocks To Offset A Possible Hard Landing
66,000% upside on tiny biotech? (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
TSE:RAY.A

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

C$5.00
-0.03 (-0.60%)
(As of 09/28/2023 ET)
Compare
Today's Range
C$4.97
C$5.30
50-Day Range
C$5.00
C$5.48
52-Week Range
C$4.10
C$6.14
Volume
41,442 shs
Average Volume
25,502 shs
Market Capitalization
C$254.90 million
P/E Ratio
10.00
Dividend Yield
6.00%
Price Target
C$8.10

Stingray Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
62.0% Upside
C$8.10 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

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars


RAY.A stock logo

About Stingray Group (TSE:RAY.A) Stock

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 Price History

RAY.A Stock News Headlines

Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Stingray Group renews its normal course issuer bid
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Insider Spends CA$530k Buying More Shares In Stingray Group
Stingray sells karaoke tech to Chinese EV maker
RAY-B.TO - 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 Forecast
C$8.10
High Stock Price Forecast
C$9.00
Low Stock Price Forecast
C$7.00
Forecasted Upside/Downside
+62.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
C$34.84 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$324.80 million
Cash Flow
C$0.23 per share
Book Value
C$4.29 per share

Miscellaneous

Free Float
N/A
Market Cap
C$254.90 million
Optionable
Not Optionable
Beta
0.96
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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 - Frequently Asked Questions

Should I buy or sell Stingray Group stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stingray Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

2 analysts have issued 1 year target prices for Stingray Group's shares. Their RAY.A share price forecasts range from C$7.00 to C$9.00. On average, they expect the company's stock price to reach C$8.10 in the next twelve months. This suggests a possible upside of 62.0% 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 2023?

Stingray Group's stock was trading at C$4.87 at the beginning of 2023. Since then, RAY.A stock has increased by 2.7% and is now trading at C$5.00.
View the best growth stocks for 2023 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 5.84%. RAY.A has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RAY.A.

What is Stingray Group's stock symbol?

Stingray Group trades on the Toronto Stock Exchange (TSX) under the ticker symbol "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.

What is Stingray Group's stock price today?

One share of RAY.A stock can currently be purchased for approximately C$5.00.

How much money does Stingray Group make?

Stingray Group (TSE:RAY.A) has a market capitalization of C$254.90 million and generates C$324.80 million in revenue each year. The company earns C$34.84 million in net income (profit) each year or C$0.50 on an earnings per share basis.

How many employees does Stingray Group have?

The company employs 1,200 workers across the globe.

How can I contact Stingray Group?

Stingray Group's mailing address is 730 Wellington St, MONTREAL, QC H3C 1T4, Canada. The official website for the company is www.stingray.com. The company can be reached via phone at +1-514-6641244.

This page (TSE:RAY.A) was last updated on 9/29/2023 by MarketBeat.com Staff

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