Key Points
- Insider buying: StorageVault Canada Director Deborah Wallis Robinson purchased 7,242 shares at an average C$4.03, increasing her direct stake by 55.09% to 20,388 shares.
- Financial performance: The company reported quarterly revenue of C$94.24 million and a loss of C$0.02 per share, alongside a negative net margin of 11.77% and negative return on equity of 50.22%.
- Analyst outlook: Although several firms lowered their price targets, all six analysts maintain Buy ratings, producing a consensus rating of “Buy” and an average target price of C$5.52.
StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Deborah Wallis Robinson bought 7,242 shares of the business's stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average price of C$4.03 per share, with a total value of C$29,185.26. Following the transaction, the director directly owned 20,388 shares of the company's stock, valued at C$82,163.64. This represents a 55.09% increase in their position.
StorageVault Canada Price Performance
SVI stock opened at C$4.13 on Tuesday. StorageVault Canada Inc. has a 1-year low of C$4.00 and a 1-year high of C$5.39. The business has a 50 day simple moving average of C$4.22 and a two-hundred day simple moving average of C$4.54. The company has a market capitalization of C$1.51 billion, a price-to-earnings ratio of -35.91 and a beta of 0.79.
StorageVault Canada (TSE:SVI - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The company reported C($0.02) earnings per share (EPS) for the quarter. StorageVault Canada had a negative net margin of 11.77% and a negative return on equity of 50.22%. The company had revenue of C$94.24 million for the quarter.
Wall Street Analyst Weigh In
SVI has been the subject of several research analyst reports. Raymond James Financial cut StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and cut their price target for the company from C$5.75 to C$5.25 in a report on Friday, October 2nd. National Bank Financial decreased their price objective on StorageVault Canada from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a report on Wednesday, October 21st. Desjardins decreased their price objective on StorageVault Canada from C$6.00 to C$5.25 and set a "buy" rating on the stock in a report on Friday, October 23rd. ATB Cormark Capital Markets lowered their price target on shares of StorageVault Canada from C$6.00 to C$5.15 and set an "outperform" rating for the company in a report on Friday, October 23rd. Finally, Canaccord Genuity Group dropped their price target on shares of StorageVault Canada from C$5.75 to C$5.25 and set a "buy" rating for the company in a research note on Friday, October 23rd. Six analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$5.52.
Read Our Latest Stock Analysis on SVI
StorageVault Canada Company Profile
(
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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