The price-to-earnings ratio for CubeSmart (NYSE: CUBE) is 28.92x, which is above its average ratio. Moreover, the 36-month beta value for CUBE is 0.83. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for CUBE is 223.23M and currently, short sellers hold a 1.71% of that float. On August 29, 2024, CUBE’s average trading volume was 1.20M shares.
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CUBE) stock’s latest price update
The stock price of CubeSmart (NYSE: CUBE) has plunged by -0.11 when compared to previous closing price of 51.64, but the company has seen a 2.24% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-26 that Mr. Powell and I rarely see eye to eye. I’ve usually been right. REITs are set for a bullish trend with the Fed expected to cut rates, offering attractive valuations and growth potential. Here are 3 top picks ranging from low to high yield.
CUBE’s Market Performance
CubeSmart (CUBE) has seen a 2.24% rise in stock performance for the week, with a 8.41% gain in the past month and a 24.86% surge in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 2.20% for CUBE. The simple moving average for the last 20 days is 5.06% for CUBE stock, with a simple moving average of 16.51% for the last 200 days.
Analysts’ Opinion of CUBE
Many brokerage firms have already submitted their reports for CUBE stocks, with Scotiabank repeating the rating for CUBE by listing it as a “Sector Outperform.” The predicted price for CUBE in the upcoming period, according to Scotiabank is $53 based on the research report published on August 22, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see CUBE reach a price target of $47, previously predicting the price at $50. The rating they have provided for CUBE stocks is “Market Perform” according to the report published on May 29th, 2024.
Barclays gave a rating of “Equal Weight” to CUBE, setting the target price at $48 in the report published on March 27th of the current year.
CUBE Trading at 8.82% 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 -0.77% of loss for the given period.
Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares surge +8.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.19% upper at present.
During the last 5 trading sessions, CUBE rose by +2.79%, which changed the moving average for the period of 200-days by +42.36% in comparison to the 20-day moving average, which settled at $49.30. In addition, CubeSmart saw 11.29% 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 MARTIN TIMOTHY M, who sale 30,765 shares at the price of $49.02 back on Aug 14 ’24. After this action, MARTIN TIMOTHY M now owns 306,982 shares of CubeSmart, valued at $1,507,974 using the latest closing price.
MARR CHRISTOPHER P, the CEO of CubeSmart, sale 37,906 shares at $48.66 during a trade that took place back on Aug 13 ’24, which means that MARR CHRISTOPHER P is holding 576,836 shares at $1,844,506 based on the most recent closing price.
Stock Fundamentals for CUBE
Current profitability levels for the company are sitting at:
- 0.46 for the present operating margin
- 0.56 for the gross margin
The net margin for CubeSmart stands at 0.38. The total capital return value is set at 0.08. Equity return is now at value 14.50, with 6.48 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 0.22. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 10.42.
Currently, EBITDA for the company is 698.51 million with net debt to EBITDA at 4.24. When we switch over and look at the enterprise to sales, we see a ratio of 13.71. The receivables turnover for the company is 26.25for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To wrap up, the performance of CubeSmart (CUBE) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
