Could this be the case of a blown-up long-term opportunity? CubeSmart (CUBE)

CubeSmart [CUBE] stock is trading at $43.60, up 0.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CUBE shares have gain 2.85% over the last week, with a monthly amount glided 8.78%, and seem to be holding up well over a long-time horizon.

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On 17, January 2023, CubeSmart Announces Tax Allocations of 2022 Distributions. In a post published today on Yahoo Finance, CubeSmart (NYSE: CUBE) announced today the tax allocations of its 2022 distributions for CubeSmart Common Shares of Beneficial Interest.

From an analyst’s perspective:

CubeSmart [NYSE: CUBE] stock has seen the most recent analyst activity on January 18, 2023, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $48. Previously, Jefferies downgraded its rating to Hold on January 03, 2023, and dropped its price target to $41. On October 17, 2022, UBS initiated with a Buy rating and assigned a price target of $45 on the stock. BofA Securities upgraded its rating to a Buy. Raymond James upgraded its rating to a Strong Buy and reduced its price target to $52 on May 23, 2022. Raymond James upgraded its rating to Outperform for this stock on December 02, 2021, but kept the price target unchanged to $60. In a note dated October 07, 2021, Berenberg initiated an Hold rating and iterated a target price of $52 on this stock.

CubeSmart [CUBE] stock has fluctuated between $36.82 and $54.95 over the past year. Currently, Wall Street analysts expect the stock to reach $47.09 within the next 12 months. CubeSmart [NYSE: CUBE] shares were valued at $43.60 at the most recent close of the market. An investor can expect a potential return of 8.0% based on the average CUBE price forecast.

Analyzing the CUBE fundamentals

CubeSmart [NYSE:CUBE] reported sales of 261.41 billion for the most recent quarter, which represents a growth of 23.00%. Gross Margin for this corporation currently stands at +41.14% with Operating Margin at +35.33%, Pretax Margin comes in at +28.06%, and Net Margin reading is +27.17%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.16 points at the first support level, and at 42.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.00, and for the 2nd resistance point, it is at 44.41.

CubeSmart [CUBE] reported earnings per share of $0.5 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.28/share, meaning a difference of $0.22 and a surprise factor of 78.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.26 per share as compared to estimates of $0.25 per share, a difference of $0.01 representing a surprise of 4.00%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 14.18, the price to book ratio is 4.44 and the P/E (TTM) ratio is 38.25.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 9 insider buyings of 155,349 shares and 1 insider sellings of 682 shares.