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Stingray Group Inc. (RAY-A.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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5.30-0.18 (-3.28%)
At close: 03:59PM EDT

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  • G
    George
    Slight dip ahead of the earnings on Aug 2. Let's see where we go from here...
  • L
    LuckyMillionaire
    Beat estimates. $0.29 adj net income vs estimate of $0.22. Revenue a little lower than estimate. I hope to see green tomorrow!
  • H
    Huey
    yah i agree its time to cash out of this one, i do believe it will move 30 cents a month but so many other stocks like acuity ads, which i sold at 3 bucks to buy this dog. etc are all moving in this bull market and this company keeps producing news but obviously doesnt care or want to support the share price. Need to keep a little stock and tuck it away for a year and move on to bigger and better things while the sun is shining.
  • J
    Julien
    Any thought about this stock ?
  • J
    Jesper
    Why is it dropping?
    Solid quarter in the midst of a pandemic.
    Seriously the Stock Price is not always reflected by results in the short-term.
  • L
    Lawrence
    Very good earnings but market seems down.
  • M
    Maxime
    walmart is a big big win.
    You can't get better in retail business.
  • L
    LuckyMillionaire
    This stock should be worth much more. Anything under 7$ is a good entry point. Dividend is also pretty good (over 5%)
  • a
    abaca
    How likely Stringray will be bought to fulfill content portfolio by bigger content streaming services such as Corus, Crave or US tv provider? It looks cheap at the moment.
  • M
    MrMicroCap
    WOW!!!

    The following press release was published earlier today:
    Stingray Reports Third Quarter 2022 Results
    • Organic growth of 5.0% year-over-year in Broadcast and Recurring Commercial Music Revenues(1), including 28.1% in the United States;
    • Revenues increased 4.8% year-over-year to $76.0 million;
    • Adjusted EBITDA(2) decreased 16.1% year-over-year to $28.5 million;
    • Net income totaled $12.5 million ($0.18 per share);
    • Adjusted net income(3) reached $17.0 million ($0.24 per share);
    • Cash flow from operating activities increased 51.6% year-over-year to $24.8 million ($0.35 per share);
    • Adjusted free cash flow(4) amounted to $14.7 million ($0.21 per share);
    • Net debt to pro forma adjusted EBITDA(5) ratio of 3.01x;
    • 927,800 shares repurchased and cancelled for a total of $6.4 million; and
    • 691,921 streaming subscribers, up 34.3% year-over-year

    Montreal, February 8, 2022 – Stingray Group Inc. (TSX: RAY.A; RAY.B) (the “Corporation”; “Stingray”), a leading distributor of audio and video music brands in the world, announced today its financial results for the third quarter of fiscal 2022, ended December 31, 2021.
  • C
    Carl
    This stock makes me pull my hair out! so frustrating. Never responds positively to any news, always dropping. Goes up twice a year randomly then slowly slides back to 6 bucks. Its a good company I have held for a long time It just never goes anywhere. I wonder were it will be in 5 years?
  • I
    Iceman
    Where’s the dividend boost?
  • G
    G
    Does anyone know what's going on with their bid for Music Choice?
  • A
    Alex
    why do y'all waste time and money on this boring stock?
  • H
    Huey
    to bad acuity ads which is a motley pick was 2.00 just 2 months ago while stingray was 4.00 plus acuity popped to 7.00 plus today
  • T
    Tod
    I might take a small postion on this one, upside seems very high and valuation attractive with nice dividend
  • L
    Lawrence
    I heard stingray music in pharmacy Jean Coutu
  • Y
    Yves
    Big dip on RAY-A.TO today, I guess the expected result are no good!!!
  • S
    Seasonednuts
    good fundamentals tons of insider buying how is this stock under the radar?