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Stingray Group, Inc. (TSE:RAY)
TSX:RAY
RAY Stock Chart & Stats
C$14.50
C$0.09(1.22%)
At close: 4:00 PM EST
C$14.50
C$0.09(1.22%)
Day’s Range― - ―
52-Week RangeC$7.35 - C$18.00
Previous CloseN/A
VolumeN/A
Average Volume (3M)34.56K
Market Cap
C$985.39M
Enterprise ValueC$1.51B
Total Cash (Recent Filing)C$17.33M
Total Debt (Recent Filing)C$543.62M
Price to Earnings (P/E)32.8
Beta0.50
Next Earnings
Jun 09, 2026EPS Estimate
0.36Next Dividend Ex-DateN/A
Dividend Yield2.19%
Share Statistics
EPS (TTM)0.38
Shares Outstanding55,063,840
10 Day Avg. Volume24,316
30 Day Avg. Volume34,557
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)2.30
Price to Sales (P/S)1.58
P/FCF Ratio6.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.50Price Target Upside41.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.38
Revenue Forecast (FY)C$476.17M
Bulls Say, Bears Say
Bulls Say
Free Cash Flow GenerationStingray converts strong operating results into cash: TTM FCF $102.6M (up 30.7%) and operating cash flow $116.2M. Durable cash generation supports deleveraging, capital expenditure, selective buybacks and reinvestment into product and distribution, enhancing financial flexibility over multiple quarters.
Diversified Recurring Revenue ModelStingray’s mix of affiliate fees, commercial B2B subscriptions, ad inventory and consumer apps creates recurring, diversified revenue. That reduces single-channel exposure, smooths cashflows, enables cross-sell of new inventory (e.g., TuneIn) and underpins medium-term predictability of revenue and margins.
Programmatic Advertising RampRapid build-out of programmatic inventory is a structural monetization engine: a ~$500k/day run-rate shows scalable, high-margin ad revenue potential. As inventory and targeting mature, programmatic can expand recurring high-margin revenue over multiple quarters and improve long-term monetization efficiency.
Bears Say
High Leverage From AcquisitionsAcquisition-driven net debt (reported $502.3M, 2.49x leverage) constrains strategic optionality. Meaningful leverage raises refinancing and interest-rate exposure, forces prioritization of debt reduction over growth investments, and remains a material medium-term governance and liquidity consideration until delevered.
Earnings Volatility And GAAP HitVolatile GAAP results—loss in 2024 then recovery, and a ~52% YoY drop this quarter—reflect sensitivity to one-time acquisition, legal and share-based charges. Persistent volatility makes forecasting cash conversion and sustaining investor confidence harder across the medium term.
Margin Compression And Integration CostsMargin pressure from lower-margin acquisitions and mix shift to programmatic/backfill, plus integration and one-time costs, reduces near-term profitability. Realizing stated synergies will take quarters, leaving margins vulnerable until cost and revenue synergies are materially captured.
RAY FAQ
What was Stingray Group, Inc.’s price range in the past 12 months?
Stingray Group, Inc. lowest stock price was C$7.35 and its highest was C$18.00 in the past 12 months.
What is Stingray Group, Inc.’s market cap?
Stingray Group, Inc.’s market cap is C$985.39M.
When is Stingray Group, Inc.’s upcoming earnings report date?
Stingray Group, Inc.’s upcoming earnings report date is Jun 09, 2026 which is in 85 days.
How were Stingray Group, Inc.’s earnings last quarter?
Stingray Group, Inc. released its earnings results on Feb 10, 2026. The company reported C$0.38 earnings per share for the quarter, beating the consensus estimate of C$0.374 by C$0.006.
Is Stingray Group, Inc. overvalued?
According to Wall Street analysts Stingray Group, Inc.’s price is currently Undervalued.
Does Stingray Group, Inc. pay dividends?
Stingray Group, Inc. pays a Quarterly dividend of C$0.085 which represents an annual dividend yield of 2.19%. See more information on Stingray Group, Inc. dividends here
What is Stingray Group, Inc.’s EPS estimate?
Stingray Group, Inc.’s EPS estimate is 0.36.
How many shares outstanding does Stingray Group, Inc. have?
Stingray Group, Inc. has 55,063,840 shares outstanding.
What happened to Stingray Group, Inc.’s price movement after its last earnings report?
Stingray Group, Inc. reported an EPS of C$0.38 in its last earnings report, beating expectations of C$0.374. Following the earnings report the stock price went down -3.983%.
Which hedge fund is a major shareholder of Stingray Group, Inc.?
Currently, no hedge funds are holding shares in TSE:RAY
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Stingray Group Stock Smart Score
Outperform
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
C$20.50 (41.38% Upside)
C$20.50 (41.38% Upside)
Insider Transactions
Sold Shares
Worth C$133.0K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
52.46%
12-Months-Change
Fundamentals
Return on Equity
19.09%
Trailing 12-Months
Asset Growth
1.13%
Trailing 12-Months
Company Description
Stingray Group, Inc.
Stingray Group Inc. operates as a music, media, and technology company in Canada, the United States, and internationally. It operates through Broadcasting and Commercial Music and Radio segments. The company offers music, digital, and advertising services to enterprise brands, including audio and video channels, radio stations, subscription video-on-demand content, free and ad-supported TV (FAST) channels, karaoke products and music apps, and in-car and on-board infotainment content. It also provides commercial solutions in music, in-store advertising solutions, digital signage, and AI-driven consumer insights and feedback, as well as delivers digital audio messaging and audio advertising. In addition, the company offers subscription video on demand, such as Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray Karaoke, Stingray Naturescape, ZenLIFE by Stingray, and The Coda Collection. It also offers FAST channels, including Stingray Music, Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray CMusic, Stingray Karaoke, Stingray Naturescape, Stingray Holidayscapes, ZenLIFE by Stingray, Ultimate Trivia by Stingray, Stingray Cozy Café, Stingray Stargaze, Stingray Cityscapes, Movie Music by Stingray, Loupe Art, and EarthDay 365. The company distributes its products and services through various platforms, including digital cable TV, satellite TV, IPTV, OTT, the internet, mobile devices, game consoles, and connected cars. It serves cable and telecom companies, retailers, and small and medium businesses, as well as direct consumers. 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 founded in 2007 and is headquartered in Montreal, Canada.
RAY Stock 12 Month Forecast
Average Price Target
C$20.50
▲(41.38% Upside)
Technical Analysis
Options Prices
Currently, No data available
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