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

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average cost of C$4.13 per share, for a total transaction of C$41,300.00. Following the completion of the transaction, the insider owned 20,000 shares in the company, valued at C$82,600. This trade represents a 100.00% increase in their ownership of the stock.

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

• On Wednesday, September 23rd, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was purchased at an average price of C$4.21 per share, with a total value 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 cost 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, for a total transaction of C$42,000.00.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$4.12 on Friday. StorageVault Canada Inc. has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39. The firm has a market capitalization of C$1.51 billion, a PE ratio of -100.49 and a beta of 0.79. The stock’s 50-day simple moving average is C$4.35 and its 200-day simple moving average is C$4.47.

StorageVault Canada (TSE:SVI) last released its 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 firm had revenue of C$91.09 million for the quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on SVI shares. Royal Bank Of Canada upped 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 downgraded shares of 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. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, StorageVault Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.86.

StorageVault Canada Company Profile

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.