The stock of CubeSmart (CUBE) has seen a 1.31% increase in the past week, with a 9.76% gain in the past month, and a 19.95% flourish in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.88% for CUBE. The simple moving average for the last 20 days is 3.81% for CUBE stock, with a simple moving average of 19.51% for the last 200 days.
Is It Worth Investing in CubeSmart (NYSE: CUBE) Right Now?
CubeSmart (NYSE: CUBE) has a price-to-earnings ratio of 30.28x that is above its average ratio. Additionally, the 36-month beta value for CUBE is 0.83. 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.”
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The public float for CUBE is 223.23M and currently, short sellers hold a 1.87% ratio of that float. The average trading volume of CUBE on September 19, 2024 was 1.20M shares.
CUBE) stock’s latest price update
CubeSmart (NYSE: CUBE)’s stock price has plunge by -0.09relation to previous closing price of 54.05. Nevertheless, the company has seen a 1.31% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-03 that Rates down, REITs up? Two years of persistent rate-driven pressure on residential and commercial real estate markets appears to finally be abating as the worst of pandemic-era inflationary pressures subside. Since the “pivot’ in early July, the REIT Index has outpaced the S&P 500 by 10 percentage points. Despite this rebound, REITs still have 35 percentage points of “catch-up” to do. REITs aren’t quite as “cheap” now as they were at the end of June, but that’s not such a bad thing: premium equity valuations are the “fuel” for REITs’ external growth.
Analysts’ Opinion of CUBE
Many brokerage firms have already submitted their reports for CUBE stocks, with UBS repeating the rating for CUBE by listing it as a “Neutral.” The predicted price for CUBE in the upcoming period, according to UBS is $54 based on the research report published on September 13, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CUBE reach a price target of $56. The rating they have provided for CUBE stocks is “Outperform” according to the report published on September 10th, 2024.
Scotiabank gave a rating of “Sector Outperform” to CUBE, setting the target price at $53 in the report published on August 22nd of the current year.
CUBE Trading at 9.22% 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 -1.24% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +9.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.20% upper at present.
During the last 5 trading sessions, CUBE rose by +1.31%, which changed the moving average for the period of 200-days by +35.81% in comparison to the 20-day moving average, which settled at $52.26. In addition, CubeSmart saw 16.50% 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 Schulte Jennifer, who sale 15,942 shares at the price of $52.56 back on Sep 11 ’24. After this action, Schulte Jennifer now owns 10,847 shares of CubeSmart, valued at $837,919 using the latest closing price.
DeNarie Matthew D, the Chief Accounting Officer of CubeSmart, sale 868 shares at $53.64 during a trade that took place back on Sep 13 ’24, which means that DeNarie Matthew D is holding 17,081 shares at $46,560 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 5.29.
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 14.24. The receivables turnover for the company is 26.25for trailing twelve months and the total asset turnover is 0.17.
Conclusion
In conclusion, CubeSmart (CUBE) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
