StorageVault Canada (TSE:SVI) Hits New 1-Year Low - Here's Why

Key Points

• StorageVault Canada shares hit a new 52-week low, trading as low as C$4.09 and last changing hands at C$4.13, below both their 50-day and 200-day moving averages of roughly C$4.50.
• Despite the decline, analysts maintain a generally positive view: the stock carries an average “Buy” rating and a consensus price target of C$5.86, with recent targets ranging from C$5.25 to C$6.25.
• The company reported a quarterly loss of C$0.02 per share, negative margins and return on equity, but generated C$91.09 million in revenue. An insider also purchased 89,700 shares at C$4.60, while insiders collectively own 38.49% of the stock.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) reached a new 52-week low during mid-day trading on Friday. The stock traded as low as C$4.09 and last traded at C$4.13, with a volume of 47980 shares trading hands. The stock had previously closed at C$4.11.

Analysts Set New Price Targets

Several research analysts have weighed in on SVI shares. Raymond James Financial upgraded shares of StorageVault Canada from an "outperform" rating to a "strong-buy" rating and lowered their price objective for the stock from C$5.50 to C$5.25 in a report on Monday, June 1st. Royal Bank Of Canada boosted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an "outperform" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$5.86.

StorageVault Canada Trading Up 1.2%

The stock has a market capitalization of C$1.52 billion, a PE ratio of -101.46 and a beta of 0.70. The stock's fifty day simple moving average is C$4.51 and its 200-day simple moving average is C$4.50.

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

Insider Activity

In other StorageVault Canada news, insider Access Self Storage Inc. bought 89,700 shares of the stock in a transaction dated Wednesday, July 15th. The shares were bought at an average cost of C$4.60 per share, for a total transaction of C$412,620.00. Following the purchase, the insider directly owned 136,992,005 shares of the company's stock, valued at approximately C$630,163,223. This trade represents a 0.07% increase in their position. 38.49% of the stock is currently owned by corporate insiders.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.

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