StorageVault Canada (TSE:SVI) Trading Up 1.3% - What's Next?

Key Points

• StorageVault Canada shares rose 1.3% to C$4.54 in mid-day trading, although volume was 34% below the average daily level.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average target price of C$5.81; 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 quarterly revenue of C$91.09 million and a loss of C$0.02 per share, alongside negative net margin and return on equity. An insider also bought 89,700 shares, and insiders collectively own 38.49% of the company.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) shares traded up 1.3% on Wednesday . The stock traded as high as C$4.58 and last traded at C$4.54. Approximately 206,915 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 312,370 shares. The stock had previously closed at C$4.48.

Analyst Ratings Changes

A number of research firms have recently issued reports on SVI. Royal Bank Of Canada increased their price objective 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. Raymond James Financial upgraded StorageVault Canada from an "outperform" rating to a "strong-buy" rating and reduced their target price for the company from C$5.50 to C$5.25 in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, StorageVault Canada currently has a consensus rating of "Buy" and a consensus target price of C$5.81.

StorageVault Canada Stock Up 1.3%

The business has a 50-day moving average price of C$4.73 and a two-hundred day moving average price of C$4.61. The company has a market capitalization of C$1.66 billion, a price-to-earnings ratio of -110.73 and a beta of 0.82.

StorageVault Canada (TSE:SVI - Get Free Report) last posted its quarterly earnings results 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 during the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%.

Insider Buying and Selling at StorageVault Canada

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

About StorageVault Canada

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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