CubeSmart (NYSE: CUBE) is -28.48% lower on its value in year-to-date trading and has touched a low of $36.82 and a high of $57.34 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CUBE stock was last observed hovering at around $40.73 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $47.00 for the next 12 months. It is also 26.0% off the consensus price target high of $55.00 offered by 11 analysts, but current levels are 9.56% higher than the price target low of $45.00 for the same period.
Currently trading at $40.70, the stock is 1.17% and 1.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -0.07% at the moment leaves the stock -10.10% off its SMA200. CUBE registered -24.45% loss for a year compared to 6-month loss of -5.85%.
The stock witnessed a 3.33% gain in the last 1 month and extending the period to 3 months gives it a -17.64%, and is 0.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 2.80% over the month.
CubeSmart (CUBE) has around 2892 employees, a market worth around $8.97B and $970.50M in sales. Current P/E ratio is 35.70 and Fwd P/E is 31.38. Profit margin for the company is 26.20%. Distance from 52-week low is 10.54% and -29.02% from its 52-week high. The company has generated returns on investments over the last 12 months (4.20%).
CubeSmart (CUBE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for CubeSmart (CUBE) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
CubeSmart is expected to release its quarterly report on 02/23/2023.The EPS is expected to grow by 28.30% this year
CubeSmart (CUBE) Top Institutional Holders
The shares outstanding are 225.02M, and float is at 223.16M with Short Float at 2.98%.
CubeSmart (CUBE) Insider Activity
A total of 1 insider transactions have happened at CubeSmart (CUBE) in the last six months, with sales accounting for 0 and purchases happening 1 times.
CubeSmart (CUBE): Who are the competitors?
The company’s main competitors (and peers) include Life Storage Inc. (LSI) that is trading -19.87% down over the past 12 months and Public Storage (PSA) that is -6.42% lower over the same period. Extra Space Storage Inc. (EXR) is -21.91% down on the 1-year trading charts.