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

Key Points

• StorageVault Canada insider buying continued, with 10,000 shares purchased at C$4.15 each for C$41,500 on September 25. The insider also acquired 10,000 shares in three other transactions, bringing the total recent purchases to 40,000 shares.
• Shares recently traded at approximately C$4.15, near the company’s 52-week low of C$4.02 and below its 50-day and 200-day moving averages. StorageVault reported quarterly revenue of C$91.09 million but posted a C$0.02 loss per share and negative profitability metrics.
• Analysts remain generally positive, with six Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation and an average price target of C$5.86.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider Storagevault Canada Inc. purchased 10,000 shares of the company's stock in a transaction on Friday, September 25th. The stock was acquired at an average cost of C$4.15 per share, for a total transaction of C$41,500.00. Following the completion of the purchase, the insider owned 10,000 shares of the company's stock, valued at approximately C$41,500. This trade represents a ∞ increase in their position.

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

• On Wednesday, September 23rd, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The shares were bought at an average cost of C$4.21 per share, with a total value of C$42,100.00.
• On Monday, September 28th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was bought at an average price of C$4.20 per share, with a total value of C$42,000.00.
• On Wednesday, September 30th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was bought at an average price of C$4.13 per share, with a total value of C$41,300.00.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock traded down C$0.01 during trading on Thursday, reaching C$4.15. 52,284 shares of the company traded hands, compared to its average volume of 312,066. The firm has a market capitalization of C$1.52 billion, a PE ratio of -101.22 and a beta of 0.79. StorageVault Canada Inc. has a 1-year low of C$4.02 and a 1-year high of C$5.39. The company has a 50 day moving average price of C$4.38 and a 200-day moving average price of C$4.48.

StorageVault Canada (TSE:SVI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.The company had revenue of C$91.09 million during the quarter.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SVI. Raymond James Financial lowered StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and decreased their target price for the company from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Royal Bank Of Canada raised their price objective on 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$5.86.

About StorageVault Canada

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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