At the time of writing, CubeSmart [CUBE] stock is trading at $46.57, up 1.84%. 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 4.53% over the last week, with a monthly amount glided 2.33%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, CubeSmart Announces the Date of Its First Quarter 2024 Earnings Release and Conference Call. In a post published today on Yahoo Finance, CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2024 after the market close on Thursday, April 25, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, April 26, 2024.
From an analyst’s perspective:
CubeSmart [NYSE: CUBE] stock has seen the most recent analyst activity on March 27, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $48. Previously, Deutsche Bank started tracking the stock with Sell rating on January 30, 2024, and set its price target to $40. On January 02, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $53 on the stock. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $49 on December 15, 2023. Evercore ISI downgraded its rating to a In-line and raised its price target to $43 on December 11, 2023. BofA Securities downgraded its rating to Neutral for this stock on October 30, 2023, and downed its price target to $38. In a note dated October 24, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $46 to $37.
For the past year, the stock price of CubeSmart fluctuated between $33.17 and $48.93. Currently, Wall Street analysts expect the stock to reach $48.2 within the next 12 months. CubeSmart [NYSE: CUBE] shares were valued at $46.57 at the most recent close of the market. An investor can expect a potential return of 3.5% based on the average CUBE price forecast.
Analyzing the CUBE fundamentals
According to CubeSmart [NYSE:CUBE], the company’s sales were 1.05B for trailing twelve months, which represents an 1.59% jump. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.15 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.05.
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 46.02 points at the first support level, and at 45.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.85, and for the 2nd resistance point, it is at 47.14.
CubeSmart [CUBE] reported earnings per share of $0.5 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.05 and a surprise factor of 11.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.45 per share as compared to estimates of $0.45 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.97, the price to book ratio is 3.74 and price to earnings (TTM) ratio is 25.65.
Transactions by insiders
Recent insider trading involved Keaton Joel D, COO, that happened on Mar 04 ’24 when 8026.0 shares were sold. CEO, MARR CHRISTOPHER P completed a deal on Jun 07 ’23 to sell 22057.0 shares. Meanwhile, CEO MARR CHRISTOPHER P sold 16948.0 shares on Jun 05 ’23.
