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An announcement from Stingray Digit SV ( ($TSE:RAY.A) ) is now available.
Stingray has expanded its offerings by launching 29 free ad-supported streaming channels on Amazon Fire TV Channels in the U.S., enhancing its music and video content distribution. This move is part of Stingray’s strategy to provide diverse and immersive entertainment experiences, strengthening its market position and commitment to delivering high-quality content to a broad audience.
The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Stingray Digit SV stock, see the TSE:RAY.A Stock Forecast page.
Spark’s Take on TSE:RAY.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:RAY.A is a Outperform.
Stingray Digit SV’s strong financial performance and positive earnings call sentiment are key strengths, supported by robust revenue growth and profitability. However, technical indicators suggest weak momentum, and high leverage poses a risk. The stock’s valuation is reasonable, with a solid dividend yield enhancing its attractiveness.
To see Spark’s full report on TSE:RAY.A stock, click here.
More about Stingray Digit SV
Stingray is a global leader in music, media, and technology, specializing in TV broadcasting, streaming, radio, business services, and advertising. The company offers a wide range of music and digital services, including audio and video channels, radio stations, subscription video-on-demand, and more. Stingray Business provides commercial solutions such as in-store advertising and digital signage, while Stingray Advertising operates North America’s largest retail audio advertising network.
Average Trading Volume: 33,412
Technical Sentiment Signal: Buy
Current Market Cap: C$669.2M
For an in-depth examination of RAY.A stock, go to TipRanks’ Overview page.