Stingray Group Stock Today

RAY-A Stock  CAD 8.08  0.03  0.37%   

Performance

2 of 100

 
Weak
 
Strong
Weak

Odds Of Distress

Less than 39

 
High
 
Low
Below Average
Stingray is selling for under 8.08 as of the 27th of November 2024; that is 0.37 percent increase since the beginning of the trading day. The stock's last reported lowest price was 8.04. Stingray has about a 39 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Stingray Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of December 2023 and ending today, the 27th of November 2024. Click here to learn more.
Business Domain
Media & Entertainment
Category
Communication Services
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. The company has 52.84 M outstanding shares of which 396.03 K shares are at this time shorted by private and institutional investors with about 8.69 days to cover all short positions. More on Stingray Group

Moving together with Stingray Stock

  0.72JPM JPMorgan ChasePairCorr
  0.64BOFA Bank of AmericaPairCorr

Moving against Stingray Stock

  0.78PFE Pfizer Inc CDRPairCorr
  0.38MSFT Microsoft Corp CDRPairCorr
  0.31IBM International BusinessPairCorr

Stingray Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Stingray's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Stingray or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President RadioSteve Jones
Business ConcentrationBroadcasting, Media & Entertainment, Communication Services, Communication Services, Media, Media - Diversified, Consumer Cyclical (View all Sectors)
Stingray's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Stingray's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Stingray can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Stingray's financial leverage. It provides some insight into what part of Stingray's total assets is financed by creditors.
Liquidity
Stingray cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. 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.

Other Non Cash Items

88.53 Million
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. The company currently falls under 'Small-Cap' category with a current market capitalization of 550.15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Stingray's market, we take the total number of its shares issued and multiply it by Stingray's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Stingray Group operates under Media sector and is part of Communication Services industry. The entity has 52.84 M outstanding shares of which 396.03 K shares are at this time shorted by private and institutional investors with about 8.69 days to cover all short positions. Stingray Group has accumulated about 4.67 M in cash with 118.53 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Stingray Probability Of Bankruptcy
Ownership Allocation
Stingray Group shows a total of 52.84 Million outstanding shares. Stingray Group maintains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Stingray Ownership Details

Stingray Group Risk Profiles

Although Stingray's alpha and beta are two of the key measurements used to evaluate Stingray's performance over the market, the standard measures of volatility play an important role as well.

Stingray Stock Against Markets

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stingray without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Backtesting Now

   

Portfolio Backtesting

Avoid under-diversification and over-optimization by backtesting your portfolios
All  Next Launch Module

Stingray Corporate Management

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.

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.