CubeSmart (CUBE) Is A Stock You Should Watch

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As of Friday close, CubeSmart’s (NYSE:CUBE) stock was up $0.43, moving up 1.10 percent to $39.40. The average number of shares traded per day over the past five days has been 2,220,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.75 fall in that time frame. In the last twenty days, the average volume was 4,175,965, while in the previous 50 days, it was 2,668,220.

Since last month, CUBE stock retreated -5.79%. Shares of the company fell to $38.31 on 01/05/23, the lowest level in the past month. A 52-week high of $54.95 was reached on 01/04/23 after having rallying from a 52-week low of $36.82. Since the beginning of this year, CUBE’s stock price has dropped by -2.11% or -$0.85, and marked a new high 2 times. However, the stock has declined by -28.30% since its 52-week high.


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Valuation Metrics

Right now, CubeSmart (CUBE) has a P/E ratio of about 34.56. The stock’s beta is 0.54. Besides these, the trailing price-to-sales (P/S) ratio of 9.32, the price-to-book (PB) ratio of 3.11, and the price-to-cash flow ratio of 56.93 may also be considered.

The latest dividend of $0.49 per share was paid out, which is 13.95% more than last year’s $0.43. On Wednesday December 7 2022, a $0.06 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.08. On the profitability front, the trailing twelve-month gross margin is 70.80% percent. In the year ended September 29, operating margins totaled 30.00%. 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 8.90%.

In CubeSmart’s quarter-end financial report for September 29, it reported total debt of $164.12 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 18.69% to $248.66 million during the quarter, while net income inched up to $261.41 million. While analysts expected CubeSmart to report $0.28 quarterly earnings, the actual figure was $0.5 per share, beating the consensus estimate by 78.60%. During the quarter, the company generated $172.26 million in EBITDA. The value of shareholders’ equity is $224.57 million.

Technical Picture

This quick technical analysis looks at CubeSmart’s (CUBE) price momentum. With a historical volatility rate of 26.30%, the RSI 9-day stood at 40.58% on 06 January.

With respect to its five-day moving average, the current CubeSmart price is down by -4.25% percent or -$1.75. At present, CUBE shares trade -6.39% below its 20-day simple moving average and -22.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.03% above its SMA50 and -21.65% below its SMA200.

Stochastic coefficient K was 21.40% and Stochastic coefficient D was 16.78%, while ATR was 1.15. Given the Stochastic reading of 32.54% for the 14-day period, the RSI (14) reading has been calculated as 42.87%. As of today, the MACD Oscillator reading stands at -0.77, while the 14-day reading stands at -0.73.

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