A Look At Insider Reactions To CubeSmart (CUBE)

As of Friday close, CubeSmart’s (NYSE:CUBE) stock was up $1.58, moving up 3.44 percent to $47.54. The average number of shares traded per day over the past five days has been 1,462,900 shares. 3 times new highs have been achieved over the past 5 days, with a $1.67 gain in that time frame. In the last twenty days, the average volume was 1,148,400, while in the previous 50 days, it was 1,488,198.

Since last month, CUBE stock rose 11.15%. Shares of the company fell to $40.47 on 07/14/22, the lowest level in the past month. A 52-week high of $57.34 was reached on 01/03/22 after having rallying from a 52-week low of $38.67. Since the beginning of this year, CUBE’s stock price has dropped by -16.46% or -$9.37, and marked a new high 1 time. However, the stock has declined by -17.09% since its 52-week high.

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CubeSmart (CUBE) last reported insider trading activity 351 days ago on Aug 20. MARR CHRISTOPHER P, the CEO of the company, disposed of 5,623 shares for $51.52 on Aug 20. It resulted in a $289,699 divestment by the insider. MARTIN TIMOTHY M sold 16,030 shares at an average price of $51.03 on Aug 19. The insider now owns 227,568 shares following the transaction. On Aug 18, CFO MARTIN TIMOTHY M sold 17,070 shares at $51.04 apiece. The transaction was valued at $871,198.

Valuation Metrics

Right now, CubeSmart (CUBE) has a P/E ratio of about 45.19. The stock’s beta is 0.52. Besides these, the trailing price-to-sales (P/S) ratio of 11.75, the price-to-book (PB) ratio of 3.75, and the price-to-cash flow ratio of 71.15 may also be considered.

The latest dividend of $0.43 per share was paid out, remained unchanged from last year’s $0.43. On Wednesday November 3 2021, a $0.09 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.12. On the profitability front, the trailing twelve-month gross margin is 70.00% percent. In the year ended March 30, operating margins totaled 30.80%. Based on annual data, CUBE earned $290.6 million in gross profit and brought in $822.56 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.20%. Return on equity (ROE) for the past 12 months was 9.30%.

In CubeSmart’s quarter-end financial report for March 30, it reported total debt of $166.49 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CUBE’s revenue rose 20.85% to $221.91 million during the quarter, while net income inched up to $238.57 million. While analysts expected CubeSmart to report $0.24 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by -29.20%. During the quarter, the company generated $154.43 million in EBITDA. The value of shareholders’ equity is $224.44 million.

Technical Picture

This quick technical analysis looks at CubeSmart’s (CUBE) price momentum. With a historical volatility rate of 23.65%, the RSI 9-day stood at 79.14% on 05 August.

With respect to its five-day moving average, the current CubeSmart price is up by +3.64% percent or $1.67. At present, CUBE shares trade +11.28% above its 20-day simple moving average and -2.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately +11.20% above its SMA50 and -8.82% below its SMA200.

Stochastic coefficient K was 89.27% and Stochastic coefficient D was 84.95%, while ATR was 1.16. Given the Stochastic reading of 98.01% for the 14-day period, the RSI (14) reading has been calculated as 72.21%. As of today, the MACD Oscillator reading stands at 0.91, while the 14-day reading stands at 1.72.

Analyst Ratings

BofA Securities upgraded its rating on CubeSmart (NYSE: CUBE) to a Buy in a note to investors on June 21, 2022. The analysts firm previously had a Neutral rating on the stock.CubeSmart (CUBE) has been rated Overweight by analysts. According to 0 brokerage firms, CUBE is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate CubeSmart stock as buy, with 6 recommending it as overweight.

With a median target price of $50.50, the current consensus forecast for the stock is $46.00 – $62.00. Based on these forecasts, analysts predict CubeSmart (CUBE) will achieve an average price target of $51.00.


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