CubeSmart (CUBE) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for CubeSmart (NYSE: CUBE) is above average at 24.45x. The 36-month beta value for CUBE is also noteworthy at 0.71. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 1 rating it as “sell.”

The public float for CUBE is 223.00M, and at present, short sellers hold a 2.62% of that float. The average trading volume of CUBE on April 04, 2024 was 1.53M shares.

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CUBE) stock’s latest price update

The stock price of CubeSmart (NYSE: CUBE) has plunged by -0.34 when compared to previous closing price of 44.55, but the company has seen a 2.49% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-02 that MALVERN, Pa., April 02, 2024 (GLOBE NEWSWIRE) — CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2024 after the market close on Thursday, April 25, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, April 26, 2024.

CUBE’s Market Performance

CubeSmart (CUBE) has seen a 2.49% rise in stock performance for the week, with a -0.43% decline in the past month and a -7.04% plunge in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 1.95% for CUBE. The simple moving average for the past 20 days is 0.44% for CUBE’s stock, with a 5.48% simple moving average for the past 200 days.

Analysts’ Opinion of CUBE

Many brokerage firms have already submitted their reports for CUBE stocks, with Barclays repeating the rating for CUBE by listing it as a “Equal Weight.” The predicted price for CUBE in the upcoming period, according to Barclays is $48 based on the research report published on March 27, 2024 of the current year 2024.

Deutsche Bank, on the other hand, stated in their research note that they expect to see CUBE reach a price target of $40. The rating they have provided for CUBE stocks is “Sell” according to the report published on January 30th, 2024.

Jefferies gave a rating of “Buy” to CUBE, setting the target price at $53 in the report published on January 02nd of the current year.

CUBE Trading at 0.90% 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 -9.26% of loss for the given period.

Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +1.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.93% lower at present.

During the last 5 trading sessions, CUBE rose by +2.49%, which changed the moving average for the period of 200-days by -0.18% in comparison to the 20-day moving average, which settled at $44.24. In addition, CubeSmart saw -4.21% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CUBE starting from Keaton Joel D, who sale 8,026 shares at the price of $44.58 back on Mar 04 ’24. After this action, Keaton Joel D now owns 87,663 shares of CubeSmart, valued at $357,780 using the latest closing price.

MARR CHRISTOPHER P, the CEO of CubeSmart, sale 22,057 shares at $45.41 during a trade that took place back on Jun 07 ’23, which means that MARR CHRISTOPHER P is holding 480,960 shares at $1,001,580 based on the most recent closing price.

Stock Fundamentals for CUBE

Current profitability levels for the company are sitting at:

  • 0.47 for the present operating margin
  • 0.67 for the gross margin

The net margin for CubeSmart stands at 0.39. The total capital return value is set at 0.09. Equity return is now at value 14.60, with 6.55 for asset returns.

Based on CubeSmart (CUBE), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is 5.29.

Currently, EBITDA for the company is 698.51 million with net debt to EBITDA at 4.06. When we switch over and look at the enterprise to sales, we see a ratio of 12.22. The receivables turnover for the company is 31.65for trailing twelve months and the total asset turnover is 0.17.

Conclusion

In summary, CubeSmart (CUBE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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