CubeSmart (NYSE: CUBE) kicked off on Monday, down -3.12% from the previous trading day, before settling in for the closing price of $49.98. Over the past 52 weeks, CUBE has traded in a range of $33.17-$55.14.
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Annual sales at Real Estate sector company grew by 12.21% over the past five years. While this was happening, its average annual earnings per share was recorded -5.04%. With a float of $223.23 million, this company’s outstanding shares have now reached $224.92 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the REIT – Industrial Industry. The insider ownership of CubeSmart is 0.87%, while institutional ownership is 98.16%. The most recent insider transaction that took place on Sep 11 ’24, was worth 837,919. In this transaction Chief Human Resources Officer of this company sold 15,942 shares at a rate of $52.56, taking the stock ownership to the 10,847 shares. Before that another transaction happened on Sep 13 ’24, when Company’s Chief Accounting Officer sold 868 for $53.64, making the entire transaction worth $46,560. This insider now owns 17,081 shares in total.
CubeSmart (CUBE) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.45 earnings per share (EPS), higher than consensus estimate (set at 0.45) by 0. 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 -5.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.07% during the next five years compared to 15.49% growth over the previous five years of trading.
CubeSmart (NYSE: CUBE) Trading Performance Indicators
Take a look at CubeSmart’s (CUBE) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.28. Likewise, its price to free cash flow for the trailing twelve months is 18.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.78, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 1.77 in one year’s time.
Technical Analysis of CubeSmart (CUBE)
CubeSmart (NYSE: CUBE) saw its 5-day average volume 1.43 million, a positive change from its year-to-date volume of 1.35 million. As of the previous 9 days, the stock’s Stochastic %D was 19.94%. Additionally, its Average True Range was 0.90.
During the past 100 days, CubeSmart’s (CUBE) raw stochastic average was set at 54.52%, which indicates a significant increase from 0.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.51% in the past 14 days, which was lower than the 20.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.49, while its 200-day Moving Average is $46.09. Nevertheless, the first resistance level for the watch stands at $49.31 in the near term. At $50.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $50.66. If the price goes on to break the first support level at $47.97, it is likely to go to the next support level at $47.51. The third support level lies at $46.62 if the price breaches the second support level.
CubeSmart (NYSE: CUBE) Key Stats
The company with the Market Capitalisation of 10.90 billion has total of 224,972K Shares Outstanding. Its annual sales at the moment are 1,050 M in contrast with the sum of 410,760 K annual income. Company’s last quarter sales were recorded 266,210 K and last quarter income was 93,960 K.
