In the past week, CUBE stock has gone down by -2.36%, with a monthly gain of 0.28% and a quarterly surge of 6.90%. The volatility ratio for the week is 3.15%, and the volatility levels for the last 30 days are 2.56% for CubeSmart The simple moving average for the last 20 days is 0.01% for CUBE stock, with a simple moving average of 7.34% for the last 200 days.
Is It Worth Investing in CubeSmart (NYSE: CUBE) Right Now?
CubeSmart (NYSE: CUBE) has a higher price-to-earnings ratio of 35.93x compared to its average ratio,, and the 36-month beta value for CUBE is at 0.60. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for CUBE is $50.40, which is $3.6 above the current market price. The public float for CUBE is 223.16M, and currently, shorts hold a 4.94% of that float. The average trading volume for CUBE on March 16, 2023 was 2.75M shares.
CUBE) stock’s latest price update
CubeSmart (NYSE: CUBE)’s stock price has decreased by -1.19 compared to its previous closing price of 46.87. Despite this, the company has seen a fall of -2.36% in its stock price over the last five trading days.
Analysts’ Opinion of CUBE
In the past week, CUBE stock has gone down by -2.36%, with a monthly gain of 0.28% and a quarterly surge of 6.90%. The volatility ratio for the week is 3.15%, and the volatility levels for the last 30 days are 2.56% for CubeSmart The simple moving average for the last 20 days is 0.01% for CUBE stock, with a simple moving average of 7.34% for the last 200 days.
Analysts’ Opinion of CUBE
Many brokerage firms have already submitted their reports for CUBE stocks, with Wolfe Research repeating the rating for CUBE by listing it as a “Outperform.” The predicted price for CUBE in the upcoming period, according to Wolfe Research is $48 based on the research report published on January 18th of the current year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see CUBE reach a price target of $41, previously predicting the price at $47. The rating they have provided for CUBE stocks is “Hold” according to the report published on January 03rd, 2023.
UBS gave a rating of “Buy” to CUBE, setting the target price at $45 in the report published on October 17th of the previous year.
CUBE Trading at 3.87% from the 50-Day Moving Average
After a stumble in the market that brought CUBE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.72% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 3.15%, as shares surge +2.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.06% upper at present.
During the last 5 trading sessions, CUBE fell by -2.36%, which changed the moving average for the period of 200-days by +5.66% in comparison to the 20-day moving average, which settled at $46.36. In addition, CubeSmart saw 15.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CUBE starting from MARR CHRISTOPHER P, who sale 19,000 shares at the price of $48.33 back on Mar 03. After this action, MARR CHRISTOPHER P now owns 480,960 shares of CubeSmart, valued at $918,270 using the latest closing price.
Stock Fundamentals for CUBE
Current profitability levels for the company are sitting at:
- +34.78 for the present operating margin
- +40.19 for the gross margin
The net margin for CubeSmart stands at +28.85. Equity return is now at value 10.30, with 4.60 for asset returns.
Conclusion
In conclusion, CubeSmart (CUBE) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
