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Stingray Group ( (TSE:RAY) ) just unveiled an announcement.
Stingray has entered a global partnership with Anuvu, a provider of connectivity and entertainment solutions for mobility markets, to distribute Stingray’s curated audio and video channels to cruise passengers worldwide. Under the agreement, Anuvu becomes the official distribution partner for Stingray’s content across the cruise industry, enabling one of the first large-scale, fully licensed deployments of streaming music and video at sea.
The deal integrates more than 15 new music, concert, and ambient video channels into Anuvu’s MTN-TV maritime entertainment platform, including Stingray Music Greatest Hits, Qello Concerts, Stingray Naturescape, and Stingray Cozy Café. By pairing Stingray’s lifestyle and wellness-oriented content with MTN-TV, which already serves over 300 ships and holds more than 80% market share, the partnership expands Stingray’s reach into travel environments and strengthens both companies’ positions in premium cruise entertainment.
The most recent analyst rating on (TSE:RAY) stock is a Buy with a C$16.50 price target. To see the full list of analyst forecasts on Stingray Group stock, see the TSE:RAY Stock Forecast page.
Spark’s Take on RAY Stock
According to Spark, TipRanks’ AI Analyst, RAY is a Outperform.
The score is driven primarily by strong free cash flow and solid profitability, supported by a constructive technical uptrend. Offsetting factors are meaningful leverage and earnings variability, plus a relatively high P/E with only a modest dividend yield; earnings-call commentary was broadly positive but noted margin pressure and acquisition-driven debt.
To see Spark’s full report on RAY stock, click here.
More about Stingray Group
Stingray Group Inc., listed on the TSX under the symbol RAY, is a connected streaming media company that specializes in curated audio and video content for consumers worldwide. Its portfolio spans live audio and radio stations, premium music channels, concerts, music documentaries, karaoke products, and ambience and wellness channels, distributed across connected TVs, smart speakers, mobile, connected cars, and retail environments.
Average Trading Volume: 67,860
Technical Sentiment Signal: Buy
Current Market Cap: C$974.5M
For detailed information about RAY stock, go to TipRanks’ Stock Analysis page.