Stingray Digitl (TSE:RAY) Trading Down 0.4% – Here’s Why

Posted by Donald Scott on Aug 6th, 2026

Stingray Digitl (TSE:RAY – Get Free Report) was down 0.4% during trading on Wednesday . The company traded as low as C$15.22 and last traded at C$15.67. 41,813 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 52,135 shares. The stock had previously closed at C$15.73.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. National Bank Financial lowered their price objective on Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Canaccord Genuity Group upped their target price on Stingray Digitl from C$20.50 to C$21.00 and gave the company a “buy” rating in a report on Friday, June 5th. ATB Cormark Capital Markets set a C$24.00 price target on shares of Stingray Digitl and gave the stock a “buy” rating in a report on Friday, June 19th. Finally, Desjardins raised shares of Stingray Digitl to a “moderate buy” rating in a research note on Monday, June 22nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stingray Digitl presently has an average rating of “Buy” and a consensus target price of C$21.75.

Check Out Our Latest Report on RAY

Stingray Digitl Stock Performance

The company has a 50-day moving average price of C$15.29. The company has a market capitalization of C$1.07 billion, a P/E ratio of -37.31 and a beta of 1.16.

Stingray Digitl (TSE:RAY – Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The company reported C$0.31 earnings per share (EPS) for the quarter.

Stingray Digitl Company Profile

(Get Free Report)

Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.