The CubeSmart (NYSE:CUBE) is going up by 1.13% in today’s trading session, a rise equivalent to 0.34% of the stock’s price from yesterday’s market close. A news came out on 10/24/19 stating that CubeSmart Reports Third Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $30.21, while the peak of the day was recorded at a share price of $30.91. CUBE finished the previous session at $30.22 according to the data provided by Barchart, while the trading volume was observed to be $590216.
In the 100 days of trading, CUBE managed to top a 33.89% Moving average. Additionally, CubeSmart shares have achieved a 52-week range between 27.97 and 36.32 alongside 100 days raw stochastic set at 6.79%.
The number of shares outstanding, according to the fundamentals of the company, is set at 192.93M, equal to the value of $5.83B in market capitalization. In the last 30 days, CubeSmart shares went down by -3.85%, adding 31.85 to growth in value, on top of a +1.37% boost since 11/01/19.
CubeSmart (NYSE:CUBE) Analyst’s Estimates
CubeSmart (CUBE) could record at least $0.19 per share in quarterly earnings in the upcoming report on 02/13/2020, a number that would actually represent an increase of 0.79 YOY.
According to the average analyst rating, CubeSmart would be rated as Hold. Out of 10 different analysts monitoring CUBE stock, 1 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 0 indicate that CUBE is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On October 21, 2019, the stock earned a Upgrade rating due to a new analyst call from Raymond James, while analysts from Stifel believe that the stock is set at Hold, as concluded on August 20, 2019. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on July 19, 2019.
Evercore ISI, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on December 18, 2018, giving the stock a In-line from the Outperform rating.
CUBE Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +43.11% has been attained, while the operating margin has been recorded at +26.02%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 4.49%. Beta value of the stock is recorded at 0.09. Additionally, CubeSmart is recording price volatility of 1.26% for the period of the last seven days and 1.38% in the last 30 days.
CubeSmart (NYSE:CUBE) Technical Outlook
For the period of the last 50 days, CubeSmart had its Raw Stochastic average set at 7.71% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 28.23%. Stochastic %K for CubeSmart, with the last 20 days included, was set at 20.17%, having Stochastic %D topping 21.47%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for CubeSmart stocks with recording 5.33% in metrics.
CubeSmart Insider Watch:
Similarly, 4.76% of the company’s float is held by institutions – and there are 2 institutions in total holding shares of this company. The top three institutional holders of CUBE stocks are: Vanguard Group, Inc. (The) with ownership of $989.26 million, which is approximately 28345694 of the company’s shares; FMR, LLC, holding 13868408 shares of the stock with an approximate value of $484.01 million; and Blackrock Inc., currently with more than 13447903 shares of the company valued at $469.33 million. Positions in CubeSmart stocks held by institutional investors has been changing actively in the past six months, a period during which there were 3 insider purchases amounting to 130408 shares. Similarly, there were 3 sale transactions amounting to 130408 shares, with the net shares purchased during the last six months reaching 0.