CubeSmart (NYSE: CUBE) is -13.34% lower on its value in year-to-date trading and has touched a low of $34.24 and a high of $55.14 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 $41.74 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $41.52, the stock is -1.31% and -2.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.85 million and changing -0.53% at the moment leaves the stock -4.69% off its SMA200. CUBE registered -3.10% loss for a year compared to 6-month gain of 0.10%. The firm has a 50-day simple moving average (SMA 50) of $42.4872 and a 200-day simple moving average (SMA200) of $43.56275.
The stock witnessed a -3.19% loss in the last 1 month and extending the period to 3 months gives it a 4.56%, and is 0.58% 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 1.73% over the week and 1.95% over the month.
CubeSmart (CUBE) has around 3104 employees, a market worth around $9.51B and $1.08B in sales. Current P/E ratio is 24.52 and Fwd P/E is 26.27. Profit margin for the company is 35.80%. Distance from 52-week low is 21.26% and -24.70% from its 52-week high. The company has generated returns on investments over the last 12 months (6.45%).
The EPS is expected to shrink by -10.02% this year
643.0 institutions hold shares in CubeSmart (CUBE), with institutional investors hold 98.99% of the company’s shares. The shares outstanding are 227.92M, and float is at 225.90M with Short Float at 2.03%. Institutions hold 98.20% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.73 million shares valued at $1.43 billion. The investor’s holdings represent 14.0468 of the CUBE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.13 million shares valued at $1.23 billion to account for 12.0115 of the shares outstanding. The other top investors are FMR LLC which holds 17.95 million shares representing 7.948 and valued at over $810.96 million, while STATE STREET CORP holds 5.0039 of the shares totaling 11.3 million with a market value of $510.57 million.
CubeSmart (CUBE) Insider Activity
Still, SEC filings show that on May 05 ’25, Foster Jeffrey P (CLO & Secretary) disposed off 18,616 shares at an average price of $42.17 for $0.78 million. The insider now directly holds 192,990 shares of CubeSmart (CUBE).
