Stingray Group Stock Performance
| RAY-A Stock | CAD 7.80 0.07 0.89% |
Stingray has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Stingray are expected to decrease at a much lower rate. During the bear market, Stingray is likely to outperform the market. Stingray Group right now has a risk of 1.77%. Please validate Stingray total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Stingray will be following its existing price patterns.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Stingray Group are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Stingray is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Forward Dividend Yield 0.0381 | Payout Ratio 0.2419 | Forward Dividend Rate 0.3 | Dividend Date 2024-12-13 | Ex Dividend Date 2024-11-29 |
1 | Three High Growth Canadian Tech Stocks to Watch - Simply Wall St | 10/07/2024 |
2 | Stingray Secures 500M Credit to Boost Flexibility - TipRanks | 12/09/2024 |
| Begin Period Cash Flow | 15.5 M |
Stingray |
Stingray Relative Risk vs. Return Landscape
If you would invest 744.00 in Stingray Group on September 15, 2024 and sell it today you would earn a total of 36.00 from holding Stingray Group or generate 4.84% return on investment over 90 days. Stingray Group is generating 0.0892% of daily returns and assumes 1.7735% volatility on return distribution over the 90 days horizon. Simply put, 15% of stocks are less volatile than Stingray, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Stingray Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stingray's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Stingray Group, and traders can use it to determine the average amount a Stingray's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0503
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Estimated Market Risk
| 1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Stingray is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Stingray by adding it to a well-diversified portfolio.
Stingray Fundamentals Growth
Stingray Stock prices reflect investors' perceptions of the future prospects and financial health of Stingray, and Stingray fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Stingray Stock performance.
| Return On Equity | -0.087 | ||||
| Return On Asset | 0.0693 | ||||
| Profit Margin | (0.07) % | ||||
| Operating Margin | 0.27 % | ||||
| Current Valuation | 920.03 M | ||||
| Shares Outstanding | 52.84 M | ||||
| Price To Earning | 48.80 X | ||||
| Price To Book | 2.09 X | ||||
| Price To Sales | 1.46 X | ||||
| Revenue | 345.43 M | ||||
| Gross Profit | 111.67 M | ||||
| EBITDA | 60.78 M | ||||
| Net Income | (13.74 M) | ||||
| Cash And Equivalents | 4.67 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 386.7 M | ||||
| Debt To Equity | 126.00 % | ||||
| Current Ratio | 0.84 X | ||||
| Book Value Per Share | 3.73 X | ||||
| Cash Flow From Operations | 118.53 M | ||||
| Earnings Per Share | (0.35) X | ||||
| Market Capitalization | 534.35 M | ||||
| Total Asset | 811.57 M | ||||
| Retained Earnings | (55.92 M) | ||||
| Working Capital | (10.93 M) | ||||
About Stingray Performance
Assessing Stingray's fundamental ratios provides investors with valuable insights into Stingray's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Stingray is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 6.96 | 10.59 | |
| Return On Tangible Assets | (0.08) | (0.07) | |
| Return On Capital Employed | 0.12 | 0.10 | |
| Return On Assets | (0.02) | (0.02) | |
| Return On Equity | (0.06) | (0.06) |
Things to note about Stingray Group performance evaluation
Checking the ongoing alerts about Stingray for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Stingray Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Stingray Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Stingray Group has accumulated 386.7 M in total debt with debt to equity ratio (D/E) of 126.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Stingray Group has a current ratio of 0.82, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Stingray until it has trouble settling it off, either with new capital or with free cash flow. So, Stingray's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Stingray Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Stingray to invest in growth at high rates of return. When we think about Stingray's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 345.43 M. Net Loss for the year was (13.74 M) with profit before overhead, payroll, taxes, and interest of 111.67 M. | |
| About 26.0% of Stingray outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Stingray Secures 500M Credit to Boost Flexibility - TipRanks |
- Analyzing Stingray's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Stingray's stock is overvalued or undervalued compared to its peers.
- Examining Stingray's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Stingray's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Stingray's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Stingray's stock. These opinions can provide insight into Stingray's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Stingray Stock Analysis
When running Stingray's price analysis, check to measure Stingray's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.