CubeSmart (NYSE: CUBE) is -9.04% lower on its value in year-to-date trading and has touched a low of $33.17 and a high of $47.81 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 $42.05 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $42.16, the stock is -4.17% and -3.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 0.26% at the moment leaves the stock 0.29% off its SMA200. CUBE registered -7.65% loss for a year compared to 6-month gain of 16.56%.
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The stock witnessed a -4.01% loss in the last 1 month and extending the period to 3 months gives it a -7.83%, and is -1.13% down 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 1.57% over the week and 2.07% over the month.
CubeSmart (CUBE) has around 3040 employees, a market worth around $9.48B and $1.05B in sales. Current P/E ratio is 23.22 and Fwd P/E is 23.33. Profit margin for the company is 39.11%. Distance from 52-week low is 27.08% and -11.82% from its 52-week high. The company has generated returns on investments over the last 12 months (7.31%).
The EPS is expected to shrink by -4.43% this year.
CubeSmart (CUBE) Top Institutional Holders
The shares outstanding are 224.92M, and float is at 223.00M with Short Float at 2.38%.
CubeSmart (CUBE) Insider Activity
The most recent transaction is an insider sale by Keaton Joel D,the company’sCOO. SEC filings show that Keaton Joel D sold 8,026 shares of the company’s common stock on Mar 04 ’24 at a price of $44.58 per share for a total of $0.36 million. Following the sale, the insider now owns 87663.0 shares.
CubeSmart disclosed in a document filed with the SEC on Jun 07 ’23 that MARR CHRISTOPHER P (CEO) sold a total of 22,057 shares of the company’s common stock. The trade occurred on Jun 07 ’23 and was made at $45.41 per share for $1.0 million. Following the transaction, the insider now directly holds 0.48 million shares of the CUBE stock.
Still, SEC filings show that on Jun 05 ’23, MARR CHRISTOPHER P (CEO) disposed off 16,948 shares at an average price of $45.10 for $0.76 million. The insider now directly holds 480,960 shares of CubeSmart (CUBE).
