Ian Lurie - Stingray President Operations

RAY-A Stock  CAD 8.15  0.07  0.85%   

President

Ian Lurie is President Operations of Stingray Group
Address 730 Wellington Street, Montreal, QC, Canada, H3C 1T4
Phone514 664 1244
Webhttps://www.stingray.com

Stingray Management Efficiency

The company has return on total asset (ROA) of 0.0693 % which means that it generated a profit of $0.0693 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.087) %, meaning that it generated substantial loss on money invested by shareholders. Stingray's management efficiency ratios could be used to measure how well Stingray manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.07 in 2024. Return On Capital Employed is likely to drop to 0.10 in 2024. Total Current Liabilities is likely to drop to about 92.9 M in 2024. Liabilities And Stockholders Equity is likely to drop to about 595.4 M in 2024
Stingray Group has accumulated 386.7 M in total debt with debt to equity ratio (D/E) of 126.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Stingray Group has a current ratio of 0.82, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Stingray until it has trouble settling it off, either with new capital or with free cash flow. So, Stingray's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Stingray Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Stingray to invest in growth at high rates of return. When we think about Stingray's use of debt, we should always consider it together with cash and equity.

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Stingray Group Inc. provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. Stingray Group Inc. was incorporated in 2006 and is headquartered in Montreal, Canada. Stingray Digital operates under Media - Diversified classification in Canada and is traded on Toronto Stock Exchange. It employs 1243 people. Stingray Group (RAY-A) is traded on Toronto Exchange in Canada and employs 1,000 people. Stingray is listed under Broadcasting category by Fama And French industry classification.

Management Performance

Stingray Group Leadership Team

Elected by the shareholders, the Stingray's board of directors comprises two types of representatives: Stingray inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Stingray. The board's role is to monitor Stingray's management team and ensure that shareholders' interests are well served. Stingray's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Stingray's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mario DuBois, Senior CTO
Simon Foster, General Chatter
Steve Jones, President Radio
Rick Bergan, Head States
Sebastien Cote, VP HR
Mathieu Peloquin, Senior Communications
David Purdy, Chief Officer
Ryan Fuss, Senior Sales
MarieHelene Fournier, VicePresident Finance
Melanie McCool, USA Affairs
Lloyd Feldman, General VP
CGA CPA, President, CoFounder
Ian Lurie, President Operations

Stingray Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Stingray a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Stingray

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Stingray position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Stingray will appreciate offsetting losses from the drop in the long position's value.

Moving against Stingray Stock

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The ability to find closely correlated positions to Stingray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stingray when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Stingray - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Stingray Group to buy it.
The correlation of Stingray is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stingray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stingray Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Stingray can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Stingray Stock Analysis

When running Stingray's price analysis, check to measure Stingray's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.