Stingray Group Stock Shares Outstanding
| RAY-A Stock | CAD 8.15 0.07 0.85% |
Stingray Group fundamentals help investors to digest information that contributes to Stingray's financial success or failures. It also enables traders to predict the movement of Stingray Stock. The fundamental analysis module provides a way to measure Stingray's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Stingray stock.
Common Stock Shares Outstanding is likely to drop to about 63.5 M in 2024. Stingray | Shares Outstanding |
Stingray Group Company Shares Outstanding Analysis
Stingray's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Stingray Shares Outstanding | 52.84 M |
Most of Stingray's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Stingray Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Stingray Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for Stingray is extremely important. It helps to project a fair market value of Stingray Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Stingray's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Stingray's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Stingray's interrelated accounts and indicators.
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Stingray Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Stingray Group has 52.84 M of shares currently outstending. This is 71.14% lower than that of the Media sector and 81.12% lower than that of the Communication Services industry. The shares outstanding for all Canada stocks is 90.76% higher than that of the company.
Stingray Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Stingray's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Stingray could also be used in its relative valuation, which is a method of valuing Stingray by comparing valuation metrics of similar companies.Stingray is currently under evaluation in shares outstanding category among its peers.
Stingray Current Valuation Drivers
We derive many important indicators used in calculating different scores of Stingray from analyzing Stingray's financial statements. These drivers represent accounts that assess Stingray's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Stingray's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 302.6M | 521.7M | 515.2M | 415.1M | 373.5M | 332.0M | |
| Enterprise Value | 694.7M | 878.3M | 912.6M | 811.8M | 730.7M | 552.6M |
Stingray Fundamentals
| Return On Equity | -0.087 | ||||
| Return On Asset | 0.0693 | ||||
| Profit Margin | (0.07) % | ||||
| Operating Margin | 0.27 % | ||||
| Current Valuation | 943.55 M | ||||
| Shares Outstanding | 52.84 M | ||||
| Shares Owned By Insiders | 25.57 % | ||||
| Shares Owned By Institutions | 23.88 % | ||||
| Number Of Shares Shorted | 406.37 K | ||||
| Price To Earning | 48.80 X | ||||
| Price To Book | 2.18 X | ||||
| Price To Sales | 1.51 X | ||||
| Revenue | 345.43 M | ||||
| Gross Profit | 111.67 M | ||||
| EBITDA | 117.52 M | ||||
| Net Income | (13.74 M) | ||||
| Cash And Equivalents | 4.67 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 386.7 M | ||||
| Debt To Equity | 126.00 % | ||||
| Current Ratio | 0.84 X | ||||
| Book Value Per Share | 3.73 X | ||||
| Cash Flow From Operations | 118.53 M | ||||
| Short Ratio | 16.57 X | ||||
| Earnings Per Share | (0.35) X | ||||
| Price To Earnings To Growth | 0.28 X | ||||
| Target Price | 10.96 | ||||
| Number Of Employees | 1 K | ||||
| Beta | 1.07 | ||||
| Market Capitalization | 554.76 M | ||||
| Total Asset | 811.57 M | ||||
| Retained Earnings | (55.92 M) | ||||
| Working Capital | (10.93 M) | ||||
| Annual Yield | 0.04 % | ||||
| Net Asset | 811.57 M | ||||
| Last Dividend Paid | 0.3 |
About Stingray Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Stingray Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stingray using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stingray Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
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.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.