Stingray Group Inc. sees a slight uptick this week amidst expansion news.
Stingray Group Inc. (RAY.TO) has shown modest price movement this week, closing at C$15.51, reflecting a 2.11% increase on the day and a slight 0.06% rise over the week. The stock has been navigating a challenging year, down 8.71% year-to-date, but recent developments may provide some context for investors.
Stingray Group Inc.
RAY.TO
RAY.TO
Stingray Group Inc.
WealthAwesomeMarket cap
$1.10B
Div. yield
0.58%
Div. / share
$0.10
52W high
$17.70
52W low
$10.83
1W change
+3.17%
Beta
1.00
Analyst Price Targets
Based on analyst covering RAY · as of Sep 17, 2026
Wall Street analysts forecast RAY stock price to rise 28.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$21.36
+28.8% Upside
Current Price
C$16.58
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on RAY's historical volatility
30-Day Vol
22.5%
Annualized
90-Day Vol
27.2%
Annualized
Trend (90d)
+30.7%
Annualized drift
90d Mean
C$18.50
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$17.20 | C$15.91 – C$18.59 |
| 60 trading days | C$17.84 | C$15.98 – C$19.91 |
| 90 trading days | C$18.50 | C$16.17 – C$21.17 |
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: While Stingray's recent expansion into Europe may bolster its market presence, investors should keep an eye on the company's profitability metrics and market conditions as it continues to navigate a competitive landscape.
Stingray's stock is currently 73% within its 52-week range.
With a market cap of approximately C$1.02 billion and a beta of 0.91, Stingray's stock has exhibited lower volatility compared to the broader market, which may appeal to more risk-averse investors.
Bull case
The launch of 20 FAST channels across 13 countries could significantly boost Stingray's visibility and revenue potential in Europe. This aligns with a positive outlook from analysts who are optimistic about the stock's future performance.
Bear case
Despite the promising expansion news, Stingray's negative profit margin and return on equity raise concerns about its financial health, especially in a competitive media landscape.
Recent Price Action
Stingray Group Inc. has experienced a slight uptick in its stock price, closing at C$15.51, marking a 2.11% increase on the day and a 0.06% rise over the week. This small upward movement comes as the company continues to grapple with a year-to-date decline of 8.71%. Investors may look to the recent expansion news as a potential catalyst for future performance.
Company News: European Expansion
On September 9, 2026, Stingray announced its expansion into the European market by launching 20 FAST channels across 13 countries on LG Channels. This strategic move aims to enhance the company’s footprint in the competitive media landscape, potentially increasing its subscriber base and revenue streams. Analysts have responded positively, maintaining a bullish outlook on the stock.
Technical Picture
From a technical standpoint, Stingray's stock is currently trading just below its 50-day moving average of C$15.57, which is down 0.4% compared to its current price. However, it is above its 200-day moving average of C$15.14, representing a 2.4% increase. The stock has a 52-week range of C$9.61 to C$17.70, positioning it at 73% of its range. With a beta of 0.91, the stock shows lower volatility compared to the broader market, which may attract conservative investors.
Insider Activity
No recent insider trading activity has been reported for Stingray Group Inc., which may indicate that insiders are currently holding their positions amid the company's strategic developments.
Price Action Summary
Stingray Group Inc. closed at C$15.51 with a daily increase of 2.11%. As the company continues to expand its European presence, investors may want to monitor ongoing developments and market reactions closely.
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