CubeSmart (CUBE): What Does Valuation Ratios Tell Us?

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CubeSmart (NYSE:CUBE) saw an upside of 0.95% to $43.75 after adding $0.41 on Tuesday. The 5-day average trading volume is 1,714,260 shares of the company’s common stock. It has gained $43.97 in the past week and touched a new high 3 times within the past 5 days. An average of 1,778,415 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,646,728.

CUBE’s 1-month performance is 9.56% or $2.99 on its low of $38.31 reached on 01/05/23. The company’s shares have touched a 52-week low of $36.82 and high of $54.95, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, CUBE has achieved 7.68% or $3.42 and has reached a new high 8 times. However, the current price is down -20.38% from the 52-week high price.


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Valuation Metrics

CUBE stock has a beta of 0.57. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.94 while the price-to-book (PB) in the most recent quarter is 3.42, with the price to cash flow ratio at 60.74.

In terms of profitability, the gross margin trailing 12 months is 70.80%. The firm’s gross profit as reported stood at $290.6 million against revenue of $822.56 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 22.36% to $112.89 million, while revenue of $58.36 million was 48.3% off the previous quarter. Analysts expected CUBE to announce $0.28 per share in earnings in its latest quarter, but it posted $0.5, representing a 78.60% surprise. EBITDA for the quarter stood at more than $172.26 million. Shareholders hold equity totaling $224.57 million.

Let’s look briefly at CubeSmart (CUBE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 70.09% to suggest the stock is trending Overbought, with historical volatility in this time period at 27.23%.

The stock’s 5-day moving average is $42.76, reflecting a +3.03% or $1.28 change from its current price. CUBE is currently trading +9.19% above its 20-day SMA, -6.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.48% and SMA200 by-18.58%.

Stochastic %K and %D was 95.22% and 90.75% and the average true range (ATR) pointed at 1.05. The RSI (14) points at 64.28%, while the 14-day stochastic is at 94.87% with the period’s ATR at 1.10. The stock’s 9-day MACD Oscillator is pointing at 0.72 and 1.75 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for CubeSmart (NYSE: CUBE), Wolfe Research launched coverage with an Outperform rating. Analysts offering their rating for CUBE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CUBE as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.

What is CUBE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $41.00 and a high of $55.00, with their median price target at $47.00. Looking at these predictions, the average price target given by analysts is for CubeSmart (CUBE) stock is $47.09.

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