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The latest update is out from Stingray Digit SV ( ($TSE:RAY.A) ).
Stingray has launched six new free ad-supported streaming television channels on The Roku Channel in the US and Canada, expanding its presence in the streaming market. These channels offer diverse music and video experiences designed for relaxation, focus, and inspiration, enhancing Stingray’s reach and providing premium content to millions of viewers without subscription requirements.
The most recent analyst rating on ($TSE:RAY.A) stock is a Buy with a C$13.00 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 the most significant factors driving the score. However, technical indicators suggest bearish momentum, and high leverage poses a risk. The valuation is reasonable, supporting the overall positive outlook.
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 services including music and digital content, advertising solutions, and commercial services to enterprise brands worldwide. Stingray operates 97 radio stations and provides subscription video-on-demand content, FAST channels, karaoke products, music apps, and infotainment content. With close to 1,000 employees, Stingray reaches 540 million consumers in 160 countries.
Average Trading Volume: 33,108
Technical Sentiment Signal: Buy
Current Market Cap: C$677.6M
See more insights into RAY.A stock on TipRanks’ Stock Analysis page.