The stock of CubeSmart (CUBE) has seen a -3.73% decrease in the past week, with a -15.52% drop in the past month, and a -20.60% decrease in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are at 2.07% for CUBE. The simple moving average for the last 20 days is -6.98% for CUBE stock, with a simple moving average of -11.06% for the last 200 days.
Is It Worth Investing in CubeSmart (NYSE: CUBE) Right Now?
CubeSmart (NYSE: CUBE) has a price-to-earnings ratio that is above its average at 23.46x. The stock has a 36-month beta value of 0.89. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 1 as “sell.”
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The public float for CUBE is 224.18M, and at present, short sellers hold a 1.66% of that float. On January 03, 2025, the average trading volume of CUBE was 1.40M shares.
CUBE) stock’s latest price update
CubeSmart (NYSE: CUBE) has seen a decline in its stock price by -2.92 in relation to its previous close of 42.85. However, the company has experienced a -3.73% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-22 that U.S. equity markets tumbled this week while benchmark interest rates jumped to six-month highs after the Fed cut rates for a third-straight meeting but indicated a less-dovish outlook for 2025. Reflecting concern over stubbornly sticky inflation and buoyant economic growth, the FOMC’s updated Economic Projections indicate just two rate cuts in 2025, down from four in the prior forecast. Posting its worst week since November, the S&P 500 dipped 2.2%. The Dow shed roughly 1,000 points, while the Small-Cap 600 and the Mid-Cap 400 each tumbled by nearly 5%.
Analysts’ Opinion of CUBE
UBS, on the other hand, stated in their research note that they expect to see CUBE reach a price target of $54, previously predicting the price at $53. The rating they have provided for CUBE stocks is “Neutral” according to the report published on September 13th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to CUBE, setting the target price at $56 in the report published on September 10th of the previous year.
CUBE Trading at -11.52% 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 -24.56% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -13.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.09% lower at present.
During the last 5 trading sessions, CUBE fell by -3.73%, which changed the moving average for the period of 200-days by -2.74% in comparison to the 20-day moving average, which settled at $44.72. In addition, CubeSmart saw -2.92% 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 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:
- 0.51 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 0.09. Equity return is now at value 14.37, with 6.47 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 1.03. The interest coverage ratio of the stock is 11.6.
Currently, EBITDA for the company is 703.12 million with net debt to EBITDA at 4.19. When we switch over and look at the enterprise to sales, we see a ratio of 11.57. The receivables turnover for the company is 30.1for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To sum up, CubeSmart (CUBE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
