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Stingray Group Inc. (RAY.TO) has seen a remarkable surge of 16.23% in a single trading day, driven by impressive quarterly results.
In the latest trading session, Stingray Group Inc. closed at CA$16.76 after a 16.23% increase. This surge follows the company's strong financial performance reported for the fourth quarter and full fiscal year 2026, showcasing robust revenue growth and improved adjusted EBITDA.
Investor takeaway: The impressive financial results and strategic growth initiatives position Stingray Group Inc. as a compelling investment opportunity, especially in the rapidly evolving streaming media landscape.
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Stingray Group Inc.
RAY.TO
RAY.TO
Stingray Group Inc.
WealthAwesomeMarket cap
$1.09B
Div. yield
0.59%
Div. / share
$0.10
52W high
$17.70
52W low
$9.61
1W change
-2.79%
Beta
0.91
Analyst Price Targets
Based on analyst covering RAY
Wall Street analysts forecast RAY stock price to rise 39.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$21.36
+39.5% Upside
Current Price
C$15.31
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on RAY's historical volatility
30-Day Vol
33.9%
Annualized
90-Day Vol
41.9%
Annualized
Trend (90d)
-45.9%
Annualized drift
90d Mean
C$12.99
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$14.50 | C$12.90 – C$16.29 |
| 60 trading days | C$13.72 | C$11.63 – C$16.19 |
| 90 trading days | C$12.99 | C$10.61 – C$15.91 |
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.
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Stingray Group Inc. Reports 43.6% Revenue Growth in Q4
The company's revenue jumped to CA$137.8 million in Q4 2026, compared to CA$96.0 million in Q4 2025, reflecting strong organic growth in its Broadcast and Recurring Commercial Music Revenues.
Bull case
Stingray's fourth-quarter revenue soared by 43.6% year-over-year, showing strong market demand and effective execution of its business strategy. The acquisition of TuneIn has boosted its advertising capabilities, further enhancing growth potential.
Bear case
Despite the positive revenue growth, Stingray reported a net loss of CA$64.6 million for the quarter. This raises concerns about its profitability and the challenges it may face in maintaining growth amid increasing competition in the streaming sector.
Stingray's Strong Financial Performance
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Stingray Group Inc. reported a remarkable 43.6% increase in revenue for the fourth quarter of fiscal 2026, reaching CA$137.8 million. This growth was driven by a 12% year-over-year organic growth in Broadcast and Recurring Commercial Music Revenues. The company's adjusted EBITDA also improved by 21.3%, showcasing effective cost management and operational efficiency.
Acquisition Impact on Growth
The acquisition of TuneIn has been a game-changer for Stingray, enhancing its programmatic advertising capabilities and expanding its partner network. This strategic move is expected to fuel further growth across various business segments, positioning Stingray favorably in the competitive streaming media landscape.
Market Reaction and Future Outlook
Following the release of its financial results, the market responded positively, with Stingray's stock price surging by 16.23%. Investors are optimistic about the company's potential for continued growth, although the reported net loss of CA$64.6 million raises questions about its profitability and the challenges it may face in maintaining this momentum.
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