-11.53% percent quarterly performance for CubeSmart (CUBE) is not indicative of the underlying story

On Monday, CubeSmart (NYSE: CUBE) opened lower -5.31% from the last session, before settling in for the closing price of $39.54. Price fluctuations for CUBE have ranged from $39.34 to $55.14 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 10.97%. Company’s average yearly earnings per share was noted -7.02% at the time writing. With a float of $225.71 million, this company’s outstanding shares have now reached $227.76 million.

Considering the fact that the conglomerate employs 3104 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 44.16%, operating margin of 56.34%, and the pretax margin is 38.05%.

CubeSmart (CUBE) Insider Activity

A key investor’s attitude towards the stock of the REIT – Industrial industry is another important factor to consider. The insider ownership of CubeSmart is 0.95%, while institutional ownership is 97.61%. 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) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -7.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.23% during the next five years compared to 14.30% growth over the previous five years of trading.

CubeSmart (NYSE: CUBE) Trading Performance Indicators

Check out the current performance indicators for CubeSmart (CUBE). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.04. Likewise, its price to free cash flow for the trailing twelve months is 14.46.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.72, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 1.62 in one year’s time.

Technical Analysis of CubeSmart (CUBE)

Compared to the last year’s volume of 1.75 million, its volume of 2.6 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.43%. Additionally, its Average True Range was 1.13.

During the past 100 days, CubeSmart’s (CUBE) raw stochastic average was set at 2.47%, which indicates a significant decrease from 5.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.54% in the past 14 days, which was higher than the 24.38% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $41.82, while its 200-day Moving Average is $46.35. Nevertheless, the first resistance level for the watch stands at $38.76 in the near term. At $40.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.92. If the price goes on to break the first support level at $36.61, it is likely to go to the next support level at $35.78. Should the price break the second support level, the third support level stands at $34.46.

CubeSmart (NYSE: CUBE) Key Stats

There are currently 227,880K shares outstanding in the company with a market cap of 8.58 billion. Presently, the company’s annual sales total 1,066 M according to its annual income of 391,180 K. Last quarter, the company’s sales amounted to 267,730 K and its income totaled 101,890 K.