StorageVault Canada (TSE:SVI) Reaches New 1-Year Low – What’s Next?

StorageVault Canada Inc. (TSE:SVI) hit a new 52-week low on Thursday . The stock traded as low as C$3.80 and last traded at C$3.80, with a volume of 202868 shares. The stock had previously closed at C$3.90.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SVI shares. Raymond James reduced their price target on StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. CIBC set a C$5.00 price target on StorageVault Canada and gave the stock a “negative” rating in a report on Tuesday, December 17th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Scotiabank reduced their price objective on StorageVault Canada from C$5.50 to C$5.25 in a report on Tuesday. Finally, National Bankshares raised their price objective on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, StorageVault Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.62.

StorageVault Canada Stock Performance

The stock has a fifty day moving average price of C$3.98 and a 200-day moving average price of C$4.43. The firm has a market capitalization of C$1.42 billion, a PE ratio of -47.50 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). The business had revenue of C$78.96 million during the quarter. StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 25,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of C$3.92 per share, with a total value of C$97,930.00. Insiders acquired 56,100 shares of company stock valued at $224,858 in the last quarter. 38.49% of the stock is currently owned by corporate insiders.

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.