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Stingray Digital Group Inc. (RAY.A-T) is a fairly illiquid stock with a concentration of two-thirds of its business in Canada. Despite this, it is a profitable company that pays a 6.6% dividend and has high price targets, indicating potential for growth. However, there is a potential risk if song royalties rise. Overall, experts are watching the stock closely due to its profitability and potential runway for growth.
It is a very cheap company. They are in the passive music business like a radio station. They are very different to Spotify. They are in a slower growth industry. They are buying up radio-station-like businesses. The big growth recently was buying a radio station out east. Don't expect it to expand to a ten times multiple. He would want momentum to come back to the name.
A Top Pick August 21/2017, Up 9%) Pays a small dividend. Make a radio station acquisition he didn’t like, so he exited. Could be interesting for dividend growth.
This music media company produces music for cable companies. It trades at only 13 times earnings and could easily trade at higher multiples. They just bought a radio company that will be very accretive to earnings. The dividend has been increasing steadily. They have over 400 million users in over 156 different countries. Yield 2.6%. (Analysts’ price target is $11.64)
Music on your cable box. They put up a good quarter recently and raised their dividend. There is insider trading. It is going to become a street darling. It is somewhat illiquid. (Analysts’ target: $10.00).
Stingray Digital Group Inc. is a Canadian stock, trading under the symbol RAY.A-T on the Toronto Stock Exchange (RAY.A-CT). It is usually referred to as TSX:RAY.A or RAY.A-T
In the last year, there was no coverage of Stingray Digital Group Inc. published on Stockchase.
Stingray Digital Group Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Stingray Digital Group Inc..
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0 stock analysts on Stockchase covered Stingray Digital Group Inc. In the last year. It is a trending stock that is worth watching.
On 2024-10-11, Stingray Digital Group Inc. (RAY.A-T) stock closed at a price of $7.26.
Is fairly illiquid, but profitable and pays a 6.6% dividend. Price targets are high, so there's a runway ahead. But two-thirds of the business is concentrated in Canada, and a big risk is if song royalties rise. It's profitable though. He's watching it.