A major move is in the offing as CubeSmart (CUBE) market cap hits 11.69 billion

On Tuesday, CubeSmart (NYSE: CUBE) was 0.99% up from the session before settling in for the closing price of $51.42. A 52-week range for CUBE has been $33.17 – $51.91.

During the last 5-year period, the sales growth of Real Estate Sector giant was 12.21%. When this article was written, the company’s average yearly earnings per share was at -5.18%. With a float of $223.23 million, this company’s outstanding shares have now reached $224.92 million.

Let’s determine the extent of company efficiency that accounts for 3040 employees. In terms of profitability, gross margin is 56.39%, operating margin of 46.19%, and the pretax margin is 38.21%.

CubeSmart (CUBE) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward CubeSmart stocks. The insider ownership of CubeSmart is 0.87%, while institutional ownership is 100.10%. The most recent insider transaction that took place on Aug 14 ’24, was worth 1,507,974. In this transaction CFO of this company sold 30,765 shares at a rate of $49.02, taking the stock ownership to the 306,982 shares. Before that another transaction happened on Aug 13 ’24, when Company’s CEO sold 37,906 for $48.66, making the entire transaction worth $1,844,506. This insider now owns 576,836 shares in total.

CubeSmart (CUBE) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.45 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -5.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 28.18% during the next five years compared to 15.49% growth over the previous five years of trading.

CubeSmart (NYSE: CUBE) Trading Performance Indicators

You can see what CubeSmart (CUBE) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.03. Likewise, its price to free cash flow for the trailing twelve months is 19.37.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.78, a number that is poised to hit 0.44 in the next quarter and is forecasted to reach 1.78 in one year’s time.

Technical Analysis of CubeSmart (CUBE)

Looking closely at CubeSmart (NYSE: CUBE), its last 5-days average volume was 0.89 million, which is a drop from its year-to-date volume of 1.36 million. As of the previous 9 days, the stock’s Stochastic %D was 94.17%. Additionally, its Average True Range was 1.02.

During the past 100 days, CubeSmart’s (CUBE) raw stochastic average was set at 99.59%, which indicates a significant increase from 98.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.98% in the past 14 days, which was lower than the 24.25% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $47.25, while its 200-day Moving Average is $44.20. However, in the short run, CubeSmart’s stock first resistance to watch stands at $52.31. Second resistance stands at $52.68. The third major resistance level sits at $53.39. If the price goes on to break the first support level at $51.23, it is likely to go to the next support level at $50.52. Should the price break the second support level, the third support level stands at $50.15.

CubeSmart (NYSE: CUBE) Key Stats

There are 224,972K outstanding shares of the company, which has a market capitalization of 11.69 billion. As of now, sales total 1,050 M while income totals 410,760 K. Its latest quarter income was 266,210 K while its last quarter net income were 93,960 K.