A new trading day began on Tuesday, with CubeSmart (NYSE: CUBE) stock price down -1.54% from the previous day of trading, before settling in for the closing price of $48.55. CUBE’s price has ranged from $35.69 to $55.14 over the past 52 weeks.
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A company in the Real Estate sector has jumped its sales by 12.21% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -4.95%. With a float of $224.18 million, this company’s outstanding shares have now reached $224.92 million.
In an organization with 3040 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 56.11%, operating margin of 45.8%, and the pretax margin is 37.9%.
CubeSmart (CUBE) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Industrial Industry. The insider ownership of CubeSmart is 0.87%, while institutional ownership is 97.29%. 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 its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.5 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.95% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.00% during the next five years compared to 15.49% growth over the previous five years of trading.
CubeSmart (NYSE: CUBE) Trading Performance Indicators
Here are CubeSmart’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.22. Likewise, its price to free cash flow for the trailing twelve months is 18.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.77, a number that is poised to hit 0.46 in the next quarter and is forecasted to reach 1.77 in one year’s time.
Technical Analysis of CubeSmart (CUBE)
Let’s dig in a bit further. During the last 5-days, its volume was 1.87 million. That was better than the volume of 1.36 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.09%. Additionally, its Average True Range was 1.15.
During the past 100 days, CubeSmart’s (CUBE) raw stochastic average was set at 37.26%, which indicates a significant decrease from 56.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.39% in the past 14 days, which was higher than the 22.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.87, while its 200-day Moving Average is $46.32. However, in the short run, CubeSmart’s stock first resistance to watch stands at $48.44. Second resistance stands at $49.08. The third major resistance level sits at $49.41. If the price goes on to break the first support level at $47.47, it is likely to go to the next support level at $47.14. The third support level lies at $46.50 if the price breaches the second support level.
CubeSmart (NYSE: CUBE) Key Stats
With a market capitalization of 10.87 billion, the company has a total of 226,153K Shares Outstanding. Currently, annual sales are 1,050 M while annual income is 410,760 K. The company’s previous quarter sales were 270,890 K while its latest quarter income was 100,800 K.
