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

Profile Analyst Ratings Chart Competitors Insider Trades Headlines Social Media

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

3.5

Analyst's Opinion

Consensus Rating
Stingray Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$8.10, Stingray Group has a forecasted upside of 62.0% from its current price of C$5.00.
Amount of Analyst Coverage
Stingray Group has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

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

2.5

Dividend Strength

Dividend Leadership
Stingray Group is a leading dividend payer. It pays a dividend yield of 5.84%, 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.
Dividend Coverage
The dividend payout ratio of Stingray Group is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RAY.A.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Stingray Group this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Stingray Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Stingray Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
32.74% 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 23.75% of the stock of Stingray Group is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Stingray Group is 10.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Stingray Group is 10.00, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 386.37.
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 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

RAY.A Stock News Headlines

September 29, 2023 | americanbankingnews.com

Stingray Group (TSE:RAY.A) Shares Pass Below 50-Day Moving Average of $5.12

September 29, 2023 | americanbankingnews.com

Stingray Group (TSE:RAY.A) Stock Price Crosses Below 50 Day Moving Average of $5.12

September 29, 2023 | The Oxford Club (Ad)

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September 22, 2023 | seekingalpha.com

Stingray Group renews its normal course issuer bid

September 12, 2023 | finance.yahoo.com

Insiders own 27% of Stingray Group Inc. (TSE:RAY.A) shares but individual investors control 29% of the company

September 5, 2023 | msn.com

Woman survives stingray barb that misses lung by 1 inch

August 28, 2023 | uk.news.yahoo.com

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

August 23, 2023 | theglobeandmail.com

Closing Bell: Stingray Digital Group Inc Sv flat on Tuesday (RAY-A)

September 29, 2023 | The Oxford Club (Ad)

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The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

August 20, 2023 | uk.finance.yahoo.com

Insider Spends CA$530k Buying More Shares In Stingray Group

August 10, 2023 | msn.com

Stingray Group Non-GAAP EPS of C$0.17, revenue of C$79M

August 8, 2023 | theglobeandmail.com

Stingray sells karaoke tech to Chinese EV maker

August 4, 2023 | yahoo.com

King Stingray and Genesis Owusu Win Big at 2023 AIR Awards

August 4, 2023 | msn.com

King Stingray Wins Big at Australia’s 2023 AIR Awards

August 3, 2023 | msn.com

Biker transports stingray by strapping it on his back

July 28, 2023 | finance.yahoo.com

RAY-B.TO - Stingray Group Inc.

July 25, 2023 | stockhouse.com

Mood Media's Vibenomics and Stingray Advertising Create Largest US In-Store Retail Media Network

July 21, 2023 | nytimes.com

How a (Very) Giant Stingray Could Help to Save a Mighty River

July 15, 2023 | msn.com

King Stingray are awestruck by nature on their newest anthem 'Lookin' Out'

July 4, 2023 | msn.com

Australian TV star whose father died in stingray attack makes it official with Oscar winner's niece, more famous couples' red carpet debuts

July 3, 2023 | yahoo.com

Watch: The “Stingray Shuffle” Is Less Effective than You Think

June 8, 2023 | finance.yahoo.com

Stingray Group (TSE:RAY.A) investors are sitting on a loss of 25% if they invested five years ago

June 7, 2023 | finanznachrichten.de

Stingray Group Inc.: Stingray Reports Fourth Quarter and Full Year Results for Fiscal 2023

May 25, 2023 | finance.yahoo.com

There's A Lot To Like About Stingray Group's (TSE:RAY.A) Upcoming CA$0.075 Dividend

May 21, 2023 | finance.yahoo.com

Is It Time To Consider Buying Stingray Group Inc. (TSE:RAY.A)?

May 18, 2023 | theglobeandmail.com

Closing Bell: Stingray Digital Group Inc Sv up on Wednesday (RAY-A)

May 15, 2023 | theglobeandmail.com

Closing Bell: Stingray Digital Group Inc Variable Sv flat on Thursday (RAY-B)

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Media - Diversified
Sub-Industry: N/A
Sector: Consumer Cyclical
Current Symbol: TSE:RAY.A
CUSIP: N/A
CIK: N/A
Web: www.stingray.com
Phone: +1-514-6641244
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

EPS (Most Recent Fiscal Year): C$0.50
Trailing P/E Ratio: 10.00
Forward P/E Ratio: 5.92
P/E Growth: 1.13
Net Income: C$34.84 million
Net Margins: 10.73%
Pretax Margin: N/A
Return on Equity: 12.08%
Return on Assets: 5.84%

Debt

Debt-to-Equity Ratio: 142.75
Current Ratio: 1.10
Quick Ratio: 0.69

Sales & Book Value

Annual Sales: C$324.80 million
Price / Sales: 0.78
Cash Flow: C$0.23 per share
Price / Cash Flow: 21.45
Book Value: C$4.29 per share
Price / Book: 1.17

Miscellaneous

Outstanding Shares: 50,980,000
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

Stingray Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Stingray Group (TSE:RAY.A) Stock

RAY.A Price History

RAY.A Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

RAY.A Stock - Frequently Asked Questions

Overall MarketRank^™