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$15.65 to C$16.20
• 50-Day Range: C$16.20 to C$16.20
• 52-Week Range: C$7.35 to C$17.79
• Volume: 20,943 shs
• Average Volume: 96,114 shs
• Market Capitalization: C$1.10 billion
• P/E Ratio: 25.71
• Dividend Yield: 1.91%
• Price Target: C$18.50
• Consensus Rating: Buy

Stingray Group Stock Analysis - MarketRank™

Stingray Group scored higher than 32% 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: 2.6 / 5
• Analyst Rating: Buy

Consensus Rating

Stingray Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no strong buy ratings, 3 buy ratings, no hold ratings, and no sell ratings.

Upside Potential

Stingray Group has a consensus price target of C$18.50, representing about 14.2% upside from its current price of C$16.20.

Amount of Analyst Coverage

Stingray Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Stingray Group is 25.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.57.

Price to Earnings Ratio vs. Sector

The P/E ratio of Stingray Group is 25.71, which means that it is trading at a more expensive P/E ratio than the Communication Services sector average P/E ratio of about 22.22.

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 4.35. P/B Ratios above 3 indicate that a company could be overvalued 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 1.89%, 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 49.21%. This payout ratio is at a healthy, sustainable level, below 75%.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: -0.15

News Sentiment

Stingray Group has a news sentiment score of -0.15. 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 lower news sentiment than the 0.63 average news sentiment score of Communication Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Stingray Group this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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

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

10.96% of the stock of Stingray Group is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Communication Services
• Industry: Media
• Sub-Industry: Broadcasting
• 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$18.50
• High Price Target: C$21.00
• Low Price Target: C$16.00
• Potential Upside/Downside: +14.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): C$0.63
• Trailing P/E Ratio: 25.71
• Forward P/E Ratio: 16.20
• 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$429.75 million
• Price / Sales: 2.56
• Cash Flow: C$0.76 per share
• Price / Cash Flow: 21.45
• Book Value: C$3.72 per share
• Price / Book: 4.35

Miscellaneous

• Outstanding Shares: 68,035,000
• Free Float: N/A
• Market Cap: C$1.10 billion
• Optionable: Not Optionable
• Beta: 1.48