StorageVault Canada (TSE:SVI) Trading 0.2% Higher - Time to Buy?

Key Points

• StorageVault Canada shares rose 0.2% to C$4.22, with trading volume nearly doubling the average. The stock remains below its 50-day and 200-day moving averages of C$4.61 and C$4.55, respectively.
• Analyst sentiment is broadly positive: the consensus rating is “Buy”, with a target price of C$5.86. RBC raised its target to C$6.25, while Raymond James upgraded the stock to “strong buy” but lowered its target to C$5.25.
• The company reported a quarterly loss of C$0.02 per share on C$91.09 million in revenue, alongside negative net margin and return on equity. An insider purchased 89,700 shares, while insiders collectively own 38.49% of the company.

StorageVault Canada Inc. (TSE:SVI - Get Free Report)'s stock price rose 0.2% on Monday . The company traded as high as C$4.35 and last traded at C$4.22. 606,769 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 311,373 shares. The stock had previously closed at C$4.21.

Analyst Ratings Changes

SVI has been the subject of several recent analyst reports. Royal Bank Of Canada increased their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an "outperform" rating in a research report on Friday, July 24th. Raymond James Financial raised shares of StorageVault Canada from an "outperform" rating to a "strong-buy" rating and cut their price target for the stock from C$5.50 to C$5.25 in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$5.86.

StorageVault Canada Price Performance

The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of -102.93 and a beta of 0.70. The company's fifty day moving average price is C$4.61 and its 200-day moving average price is C$4.55.

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

Insider Activity at StorageVault Canada

In related news, insider Access Self Storage Inc. acquired 89,700 shares of the stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average cost of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the purchase, the insider owned 136,992,005 shares of the company's stock, valued at approximately C$630,163,223. This represents a 0.07% increase in their position. Insiders own 38.49% of the company's stock.

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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