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CubeSmart (CUBE) Stock Needs a Fundamental Refresh Before Recovering

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Raymond James raised the price target for the CubeSmart (NYSE:CUBE) stock from “a Mkt perform” to “an Underperform”. The rating was released on February 04, 2021. The research report from Stifel has upgraded the stock from Hold to Buy, with a price target set at $39. The stock was upgraded by Jefferies, who disclosed in a research note on October 13, 2020, from Hold to Buy and set the price objective to $42.

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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.21 during the last quarter as opposed to a consensus estimate of $0.24, which indicates the company missed its estimate by -$0.03, which implies that the company surprised the market by -12.50%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.25. This is an average of 6 analysts’ earnings, where the high earnings per share estimate is $0.29 and the low earnings per share estimate is $0.21. According to 5 analyst estimates, an average revenue estimate of $184.38M is projected for the current quarter with a high revenue estimate of $191.19M and a low estimate of $173M.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of CubeSmart (NYSE:CUBE) dipped -1.46% to close Monday’s market session at $41.72, lower as compared to yesterday’s close. The stock price fluctuated between $41.52 and $42.53 throughout the trading session with the volume trading being 1392059 shares, which represented a significant variation when compared to the three months average volume of 1.08 million shares. The firm’s stock price fluctuated 0.41% within the last five trades and 7.61% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 23.98% in the last 6 months and 17.29% was added to its value over the previous 3 months. CUBE stock is trading at a margin of 2.38%, 7.68% and 21.81% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, CUBE deals in the Real Estate domain. The stock is trading -1.95 percent below its 52-week high and 79.56 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 58.83. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does CubeSmart’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 35.80 percent and the profit margin is 24.30 percent, and the company has reported a gross margin of 67.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $8.28 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for CubeSmart (NYSE:CUBE) is 49.08. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 39.03. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 12.19 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.45, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

MARR CHRISTOPHER P, the CEO at CubeSmart (CUBE) has sold 30,000 shares of firm on Mar 15 at a price of $38.41 against the total amount of $1.15 million. In another inside trade, MARTIN TIMOTHY M, CFO of CubeSmart (NYSE:CUBE) sold 34,014 shares of the firm on Mar 15 for a total worth of $1.3 million at a price of $38.32. An inside trade which took place on Mar 08, CEO of CubeSmart MARR CHRISTOPHER P sold 10,000 shares of firm against total price of $0.38 million at the cost of $37.50 per share.

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