As of Thursday close, CubeSmart’s (NYSE:CUBE) stock was down -$1.38, moving down -3.42 percent to $38.92. The average number of shares traded per day over the past five days has been 1,316,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.74 fall in that time frame. In the last twenty days, the average volume was 1,678,525, while in the previous 50 days, it was 1,632,812.
Since last month, CUBE stock retreated -5.60%. Shares of the company fell to $38.89 on 09/21/23, the lowest level in the past month. A 52-week high of $48.93 was reached on 04/12/23 after having rallying from a 52-week low of $36.82. Since the beginning of this year, CUBE’s stock price has dropped by -3.30% or -$1.33, and marked a new high 15 times. However, the stock has declined by -20.46% since its 52-week high.
CUBE stock investors should be aware that CubeSmart (CUBE) stock had its last reported insider trading activity 107 days ago on Jun 07. MARR CHRISTOPHER P, the CEO of the company, disposed of 22,057 shares for $45.41 on Jun 07. It resulted in a $1,001,580 divestment by the insider. MARR CHRISTOPHER P sold 16,948 shares at an average price of $45.10 on Jun 05. The insider now owns 480,960 shares following the transaction. On Jun 05, CLO & Secretary Foster Jeffrey P sold 15,000 shares at $45.05 apiece. The transaction was valued at $675,750.
Valuation Metrics
Right now, CubeSmart (CUBE) has a P/E ratio of about 22.55. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 8.33, the price-to-book (PB) ratio of 3.13, and the price-to-cash flow ratio of 16.19 may also be considered.
The latest dividend of $0.49 per share was paid out, remained unchanged from last year’s $0.49.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.08, and the total debt-to-equity ratio was 1.08. On the profitability front, the trailing twelve-month gross margin is 71.60% percent. In the year ended June 29, operating margins totaled 42.30%. Based on annual data, CUBE earned $351.13 million in gross profit and brought in $1.01 billion 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 5.80%. Return on equity (ROE) for the past 12 months was 13.80%.
In CubeSmart’s quarter-end financial report for June 29, it reported total debt of $130.07 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 4.66% to $256.53 million during the quarter, while net income inched up to $260.81 million. While analysts expected CubeSmart to report $0.42 quarterly earnings, the actual figure was $0.43 per share, beating the consensus estimate by 2.40%. During the quarter, the company generated $172.7 million in EBITDA. The value of shareholders’ equity is $224.81 million.
Technical Picture
This quick technical analysis looks at CubeSmart’s (CUBE) price momentum. With a historical volatility rate of 23.08%, the RSI 9-day stood at 27.55% on 21 September.
With respect to its five-day moving average, the current CubeSmart price is down by -4.28% percent or -$1.74. At present, CUBE shares trade -7.16% below its 20-day simple moving average and -14.44% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.95% below its SMA50 and -6.93% below its SMA200.
Stochastic coefficient K was 14.95% and Stochastic coefficient D was 22.54%, while ATR was 0.83. Given the Stochastic reading of 0.92% for the 14-day period, the RSI (14) reading has been calculated as 31.94%. As of today, the MACD Oscillator reading stands at -0.50, while the 14-day reading stands at -0.63.
Analyst Ratings
Wells Fargo launched its rating on CubeSmart (NYSE: CUBE) to an Overweight in a note to investors on June 15, 2023. CubeSmart (CUBE) has been rated Overweight by analysts. According to 0 brokerage firms, CUBE is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate CubeSmart stock as buy, with 5 recommending it as overweight.
With a median target price of $46.00, the current consensus forecast for the stock is $44.00 – $54.00. Based on these forecasts, analysts predict CubeSmart (CUBE) will achieve an average price target of $47.73.
