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

Key Points

• StorageVault Canada insider activity increased: An insider purchased 10,000 shares at C$4.13 each, worth C$41,300, doubling their direct holdings to 20,000 shares. The insider also bought 30,000 shares in three earlier September transactions.
• The stock traded near its 52-week low: Shares fell C$0.01 to C$4.15, compared with a 52-week range of C$4.02 to C$5.39. The company had a C$1.52 billion market capitalization and traded below both its 50-day and 200-day moving averages.
• Analysts remain moderately bullish despite weak profitability: Six analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and C$5.86 price target. StorageVault reported C$91.09 million in quarterly revenue but negative EPS of C$0.02, a negative net margin, and negative return on equity.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider Storagevault Canada Inc. bought 10,000 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of C$4.13 per share, with a total value of C$41,300.00. Following the acquisition, the insider directly owned 20,000 shares in the company, valued at 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 purchased at an average price 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 shares were 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 shares were purchased at an average price of C$4.20 per share, with a total value of C$42,000.00.

StorageVault Canada Stock Performance

Shares of TSE SVI traded down C$0.01 during trading on Thursday, reaching C$4.15. The 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. 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's 50-day moving average price is C$4.38 and its 200-day moving average price is C$4.48.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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 report on Friday, July 24th. Raymond James Financial lowered shares of StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and reduced their target price for the stock from C$5.75 to C$5.25 in a report on Friday, October 2nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average 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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