Stingray Group Inc. has recently seen an increase in its stock price amid ongoing operational updates.
This week, Stingray Group Inc. (RAY.TO) experienced a 3.87% rise in its stock price, closing at C$15.80. The company has been dealing with operational challenges related to financial reporting, leading to headlines about a management cease trade order.
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Stingray Group Inc.
RAY.TO
RAY.TO
Stingray Group Inc.
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Market cap
$1.05B
52W high
$17.80
52W low
$9.39
1W change
-2.53%
Beta
0.92
Analyst Price Targets
Based on analyst covering RAY
Wall Street analysts forecast RAY stock price to rise 40.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$21.64
+40.5% Upside
Current Price
C$15.40
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on RAY's historical volatility
30-Day Vol
21.7%
Annualized
90-Day Vol
43.6%
Annualized
Trend (90d)
+39.7%
Annualized drift
90d Mean
C$17.75
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$16.15 | C$14.98 – C$17.40 |
| 60 trading days | C$16.93 | C$15.22 – C$18.82 |
| 90 trading days | C$17.75 | C$15.58 – C$20.21 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Keep an eye on Stingray's financial reporting developments, as these could significantly influence the stock's future performance. While the recent price action shows some optimism, the underlying fundamentals remain a concern.
Stingray Group Inc. stock is currently trading at C$15.80, with a year-to-date decline of 8.30%.
Despite the recent price increase, Stingray's stock is still down 8.30% year-to-date, reflecting ongoing challenges in its financial performance and reporting.
Bull case
Analysts have set an average target of C$21.36 for Stingray, suggesting a potential upside of 35.2%. This positive outlook may attract investors looking for growth opportunities in the media and technology sector.
Bear case
On the downside, the company has a negative profit margin of -6.1% and a return on equity (ROE) of -11.9%, raising concerns about its financial health and operational efficiency.
Recent Price Action
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This week, Stingray Group Inc. saw its stock price increase by 3.87%, closing at C$15.80. The stock has shown some resilience despite a year-to-date decline of 8.30%. Over the past month, it has decreased by 3.53%, indicating volatility in its performance.
Company News
Stingray Group Inc. has been in the news due to delays in filing its audited financial statements for the year ended March 31, 2026. This situation has led to a temporary management cease trade order, as reported on June 30, 2026. The company expects to complete the necessary filings by August 29, 2026, which will be crucial for restoring investor confidence.
Technical Picture
From a technical standpoint, Stingray's stock is currently trading above its 50-day moving average of C$14.82, representing a 6.6% increase from this average. The 200-day moving average stands at C$14.32, indicating a 10.3% increase from the current price. The stock's 52-week range is C$9.39 to C$17.80, meaning it is currently trading at 76% of its range. The stock has a beta of 0.92, suggesting it is less volatile than the broader market. The recent trading volume of 8,692 shares is below the 20-day average of 41,806 shares, indicating lower trading activity.
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