StorageVault Canada (TSE:SVI) Trading Down 0.8% – What’s Next?

StorageVault Canada Inc. (TSE:SVI) shares fell 0.8% on Tuesday . The company traded as low as C$4.74 and last traded at C$4.75. 201,782 shares traded hands during trading, a decline of 35% from the average session volume of 308,982 shares. The stock had previously closed at C$4.79.

Analyst Ratings Changes

Several equities research analysts have issued reports on SVI shares. National Bankshares boosted their price target 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, October 24th. Raymond James Financial upped their target price on shares of StorageVault Canada from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Friday, October 24th. Royal Bank Of Canada raised their price target on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. CIBC lifted their price objective on StorageVault Canada from C$4.75 to C$5.50 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, Scotiabank boosted their target price on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$5.81.

StorageVault Canada Price Performance

The stock has a 50 day moving average price of C$4.89 and a two-hundred day moving average price of C$4.53. The company has a market capitalization of C$1.73 billion, a price-to-earnings ratio of -475.00 and a beta of 0.74.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$88.52 million for the quarter. StorageVault Canada had a negative net margin of 17.21% and a negative return on equity of 28.74%.

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.