Key Points
- Insider buying: StorageVault Canada insiders purchased 10,000 shares for C$41,300 on September 30, doubling their direct holdings to 20,000 shares. The company also made three earlier purchases totaling 30,000 shares in September.
- Stock performance and fundamentals: Shares opened at C$4.14, near their 52-week low of C$4.02 and below both the 50-day and 200-day moving averages. The latest quarter showed a loss of C$0.02 per share, C$91.09 million in revenue, and negative net margin and return on equity.
- Analyst outlook: Six analysts rate SVI a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and C$5.86 price target. Raymond James downgraded the stock to “Moderate Buy,” while RBC raised its target to C$6.25 and maintained an “Outperform” rating.
StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider Storagevault Canada Inc. bought 10,000 shares of the company's stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of C$4.13 per share, with a total value of C$41,300.00. Following the transaction, the insider directly owned 20,000 shares in the company, valued at approximately C$82,600. The trade was a 100.00% increase in their position.
Storagevault Canada Inc. also recently made the following trade(s):
- On Wednesday, September 23rd, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The shares were bought at an average cost of C$4.21 per share, for a total transaction of C$42,100.00.
- On Friday, September 25th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The stock was purchased at an average price of C$4.15 per share, with a total value of C$41,500.00.
- On Monday, September 28th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The stock was purchased at an average price of C$4.20 per share, with a total value of C$42,000.00.
StorageVault Canada Stock Down 0.5%
Shares of StorageVault Canada stock opened at C$4.14 on Friday. The firm has a market cap of C$1.51 billion, a P/E ratio of -100.98 and a beta of 0.79. StorageVault Canada Inc. has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39. The business has a 50-day moving average price of C$4.36 and a 200 day moving average price of C$4.48.
StorageVault Canada (TSE:SVI - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$91.09 million for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.
Analyst Upgrades and Downgrades
SVI has been the topic of several research analyst reports. Raymond James Financial cut StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and reduced their price objective for the stock from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Royal Bank Of Canada boosted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an "outperform" rating in a research note on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$5.86.
Check Out Our Latest Stock Report on SVI
About StorageVault Canada
(
Get Free Report)
StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.
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