TSE:RAY.A

Stingray Group Stock Forecast, Price & News

C$6.68

-0.08 (-1.18 %)

(As of 03/5/2021 05:41 PM ET)

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Today's Range

C$6.66

Now: C$6.68▼

C$6.89

50-Day Range

C$6.76

MA: C$7.31▼

C$8.04

52-Week Range

C$3.18

Now: C$6.68▼

C$8.05

Volume114,204 shs

Average Volume87,615 shs

Market CapitalizationC$489.86 million

P/E Ratio20.12

Dividend Yield4.49%

BetaN/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.

Headlines

Stingray Announces Changes to its Board of Directors
February 26, 2021 | finance.yahoo.com

Stingray Q2 profit more than doubles despite lower radio revenues from COVID-19
November 4, 2020 | msn.com

Tuesday’s Insider Report: Chairman cashes out over $31-million as this dividend stock rallies to a record high
September 8, 2020 | theglobeandmail.com

Should You Think About Buying Stingray Group Inc. (TSE:RAY.A) Now?
August 10, 2020 | finance.yahoo.com

Read This Before Judging Stingray Group Inc.'s (TSE:RAY.A) ROE
August 10, 2020 | finance.yahoo.com

Stingray reports lower Q1 revenue, earnings as pandemic hits radio business
August 4, 2020 | msn.com

TSX:RAY-A (Stingray Digital Group Inc.)
July 30, 2020 | www.fool.ca

AudioValley: New International Major Business Success: Stingray Selects Targetspot to Lead Its Global Audio Ad Sales on Stingray Music
June 9, 2020 | www.businesswire.com

Stingray Group Inc. Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models
June 5, 2020 | finance.yahoo.com

Stingray Declares Quarterly Dividend to Shareholders
May 20, 2020 | feeds.benzinga.com

Stingray Radio Launches the Stingray Stimulus Plan, a $15 Million Radio Economic Recovery Program for Local Business
May 7, 2020 | finance.yahoo.com

Introducing Stingray Group (TSE:RAY.A), The Stock That Dropped 49% In The Last Three Years
April 23, 2020 | finance.yahoo.com

STINGRAY ANNOUNCES AMENDMENT TO NORMAL COURSE ISSUER BID
March 23, 2020 | www.globenewswire.com

Stingray Group Inc
March 19, 2020 | www.bloomberg.com

Stingray Acquires 30% Interest in The Podcast Exchange, the Leading Podcast Enterprise in Canada
March 6, 2020 | www.globenewswire.com

Interested In Stingray Group Inc. (TSE:RAY.A)’s Upcoming 1.2% Dividend? You Have 4 Days Left
February 22, 2020 | finance.yahoo.com

Stingray Grows its TV Channel Offering and Launches Stingray Country in Canada
February 18, 2020 | www.globenewswire.com

Stingray Group swings to $8.09-million Q3 profit as revenues grow 15 per cent
February 5, 2020 | www.msn.com

Stingray and Newfoundland Capital Receive CRTC Approval
December 27, 2019 | www.bloomberg.com

What Can We Learn From Stingray Group Inc.’s (TSE:RAY.A) Investment Returns?
December 11, 2019 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE

Industry Media - Diversified

Sub-IndustryN/A

SectorConsumer Cyclical

Current SymbolTSE:RAY.A

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.stingray.com

Phone+1-514-6641244

Employees1,200

Year FoundedN/A

Debt

Debt-to-Equity Ratio126.44

Current Ratio0.75

Quick Ratio0.68

Price-To-Earnings

Trailing P/E Ratio20.12

Forward P/E Ratio7.34

P/E Growth0.78

Sales & Book Value

Annual SalesC$257.55 million

Price / Sales1.90

Cash FlowC$0.13 per share

Price / Cash Flow51.63

Book ValueC$3.92 per share

Price / Book1.70

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares73,332,000

Market CapC$489.86 million

Next Earnings DateN/A

OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

2.02 out of 5 stars

3.3 Analyst's Opinion

Consensus Rating
Stingray Group has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$8.58, Stingray Group has a forecasted upside of 28.5% from its current price of C$6.68.
Amount of Analyst Coverage
Stingray Group has only been the subject of 3 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Stingray Group has received 132 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Stingray Group has received 122 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Stingray Group has received 51.97% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Stingray Group and other stocks. Vote “Outperform” if you believe RAY.A will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RAY.A will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Stingray Group is a leading dividend payer. It pays a dividend yield of 4.49%, 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 90.36%. Payout ratios above 75% are not desirable because they may not be sustainable.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Stingray Group insiders have not sold or bought any company stock.

2.5 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Stingray Group is 20.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 31.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Stingray Group is 20.12, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 28.01.
Price to Earnings Growth Ratio
Stingray Group has a PEG Ratio of 0.78. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Stingray Group has a P/B Ratio of 1.70. 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

C$6.68

-0.08 (-1.18 %)

(As of 03/5/2021 05:41 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Stingray Group (TSE:RAY.A) Frequently Asked Questions

Is Stingray Group a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stingray Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Stingray Group stock.
View analyst ratings for Stingray Group or view top-rated stocks.

What stocks does MarketBeat like better than Stingray Group?

Wall Street analysts have given Stingray Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Stingray Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

How has Stingray Group's stock price been impacted by COVID-19 (Coronavirus)?

Stingray Group's stock was trading at C$5.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RAY.A stock has increased by 25.8% and is now trading at C$6.68.
View which stocks have been most impacted by COVID-19.

Is Stingray Group a good dividend stock?

Stingray Group pays an annual dividend of C$0.30 per share and currently has a dividend yield of 4.49%. RAY.A has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Stingray Group is 90.36%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Stingray Group's dividend history.

What price target have analysts set for RAY.A?

3 analysts have issued twelve-month price targets for Stingray Group's shares. Their forecasts range from C$7.50 to C$10.00. On average, they expect Stingray Group's stock price to reach C$8.58 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price.
View analysts' price targets for Stingray Group or view top-rated stocks among Wall Street analysts.

Who are Stingray Group's key executives?

Stingray Group's management team includes the following people:

Mr. Eric Boyko, Co-Founder, Pres, CEO & Non-Independent Director (Age 49)
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

Who are some of Stingray Group's key competitors?

Some companies that are related to Stingray Group include Cineworld Group (CINE), Corus Entertainment (CJR.B), Stingray Group (RAY.B), Everyman Media Group (EMAN), Time Out Group (TMO), EVR (EVRH), ZoomerMedia Limited (ZUM.V) (ZUM), Immotion Group (IMMO), One Media iP Group (OMIP), Bonhill Group (BONH), Zinc Media Group (ZIN), Kew Media Group (KEW), DCD Media (DCD), Wonderfilm Media (WNDR) and Aeorema Communications plc (AEO.L) (AEO).
View all of RAY.A's competitors.

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 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$6.68.

How much money does Stingray Group make?

Stingray Group has a market capitalization of C$489.86 million and generates C$257.55 million in revenue each year.

How many employees does Stingray Group have?

Stingray Group employs 1,200 workers across the globe.

What is Stingray Group's official website?

The official website for Stingray Group is www.stingray.com.

Where are Stingray Group's headquarters?

Stingray Group is headquartered at 730 Wellington St, MONTREAL, QC H3C 1T4, Canada.

How can I contact Stingray Group?

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

This page was last updated on 3/8/2021 by MarketBeat.com Staff

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