StorageVault Canada (TSE:SVI) Insider Storagevault Canada Inc. Acquires 10,000 Shares of Company Stock

Key Points

• Insider buying: StorageVault Canada acquired 10,000 shares at C$4.20 each, investing C$42,000. This followed three other 10,000-share purchases in late September at prices between C$4.13 and C$4.21.
• Stock performance and financials: SVI traded down 0.2% to C$4.15, below its 50-day and 200-day moving averages. 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.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with a C$5.86 price target. Raymond James lowered its target to C$5.25, while RBC raised its target to C$6.25.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider Storagevault Canada Inc. acquired 10,000 shares of the stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of C$4.20 per share, with a total value of C$42,000.00. Following the completion of the transaction, the insider owned 10,000 shares of the company's stock, valued at approximately C$42,000. This represents a ∞ increase in their position.

Storagevault Canada Inc. also recently made the following trade(s):

• On Wednesday, September 23rd, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was purchased 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 Wednesday, September 30th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The shares were purchased at an average price of C$4.13 per share, with a total value of C$41,300.00.

StorageVault Canada Stock Down 0.2%

StorageVault Canada stock traded down C$0.01 during midday trading on Thursday, reaching C$4.15. The company's stock had a trading volume of 52,284 shares, compared to its average volume of 312,066. The company has a market cap of C$1.52 billion, a P/E ratio of -101.22 and a beta of 0.79. The business has a 50-day simple moving average of C$4.38 and a 200-day simple moving average of C$4.48. StorageVault Canada Inc. has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39.

StorageVault Canada (TSE:SVI - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. The business 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%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SVI shares. Raymond James Financial downgraded StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and decreased their price objective for the company from C$5.75 to C$5.25 in a report on Friday, October 2nd. Royal Bank Of Canada lifted their price objective 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$5.86.

StorageVault Canada Company Profile

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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