Key Points
- Director Iqbal Khan purchased 4,282 StorageVault Canada shares at an average price of C$4.14, investing C$17,727.48 and increasing his direct ownership by 10.49% to 45,115 shares.
- StorageVault’s shares opened at C$4.19, near the company’s 12-month low of C$4.09. The company reported quarterly revenue of C$91.09 million and a loss of C$0.02 per share, alongside negative net margin and return on equity.
- Analysts maintain a favorable view, with a consensus “Buy” rating and an average target price of C$5.86; the company’s market capitalization is approximately C$1.53 billion.
StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Iqbal Khan purchased 4,282 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was acquired at an average cost of C$4.14 per share, with a total value of C$17,727.48. Following the completion of the acquisition, the director directly owned 45,115 shares of the company's stock, valued at C$186,776.10. This represents a 10.49% increase in their ownership of the stock.
StorageVault Canada Trading Up 1.0%
SVI stock opened at C$4.19 on Tuesday. The stock has a market cap of C$1.53 billion, a P/E ratio of -102.20 and a beta of 0.70. StorageVault Canada Inc. has a twelve month low of C$4.09 and a twelve month high of C$5.39. The company's 50 day moving average is C$4.55 and its two-hundred day moving average is C$4.52.
StorageVault Canada (TSE:SVI - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The company had revenue of C$91.09 million during the quarter.
Wall Street Analyst Weigh In
SVI has been the subject of several research reports. Royal Bank Of Canada boosted their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an "outperform" rating in a report on Friday, July 24th. Raymond James Financial upgraded StorageVault Canada from an "outperform" rating to a "strong-buy" rating and dropped their price target for the stock from C$5.50 to C$5.25 in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$5.86.
Read Our Latest Stock Analysis on StorageVault Canada
StorageVault Canada Company Profile
(
Get Free Report)
StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.
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