A share price of CubeSmart [CUBE] is currently trading at $48.93, up 0.85%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CUBE shares have gain 3.36% over the last week, with a monthly amount glided 0.91%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CubeSmart [NYSE: CUBE] stock has seen the most recent analyst activity on May 29, 2024, when BMO Capital Markets downgraded its rating to a Market Perform and also revised its price target to $47 from $50. Previously, Barclays started tracking the stock with Equal Weight rating on March 27, 2024, and set its price target to $48. On January 30, 2024, Deutsche Bank initiated with a Sell rating and assigned a price target of $40 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $53 on January 02, 2024. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $49 on December 15, 2023. Evercore ISI downgraded its rating to In-line for this stock on December 11, 2023, and upped its price target to $43. In a note dated October 30, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $51 to $38.
CubeSmart experienced fluctuations in its stock price throughout the past year between $33.17 and $49.58. Currently, Wall Street analysts expect the stock to reach $48.33 within the next 12 months. CubeSmart [NYSE: CUBE] shares were valued at $48.93 at the most recent close of the market. An investor can expect a potential drop of -1.23% based on the average CUBE price forecast.
Analyzing the CUBE fundamentals
Trailing Twelve Months sales for CubeSmart [NYSE:CUBE] were 1.06B which represents 2.07% growth. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.04.
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 48.63 points at the first support level, and at 48.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.26, and for the 2nd resistance point, it is at 49.58.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.39, the price to book ratio is 3.98 and price to earnings (TTM) ratio is 27.43.
Transactions by insiders
Recent insider trading involved MARTIN TIMOTHY M, Officer, that happened on Aug 14 ’24 when 30765.0 shares were purchased. CEO, MARR CHRISTOPHER P completed a deal on Aug 07 ’24 to sell 37000.0 shares. Meanwhile, COO Keaton Joel D sold 43478.0 shares on Aug 06 ’24.
