CubeSmart [CUBE] is -24.28% lower this YTD. Is it still time to buy?


CubeSmart [NYSE: CUBE] traded at a high on 07/20/22, posting a 1.58 gain after which it closed the day’ session at $43.09. The company report on July 13, 2022 that CubeSmart Announces the Date of Its Second Quarter 2022 Earnings Release and Conference Call.

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CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended June 30, 2022 after the market close on Thursday, August 4, 2022. An accompanying conference call will be held at 11:00 a.m. ET on Friday, August 5, 2022.

A live webcast of the conference call will be available online from the investor relations page of the Company’s corporate website at Telephone participants may avoid any delays in joining the conference call by pre-registering for the call using the following link to receive a special dial-in number and PIN:

The results of the trading session contributed to over 2818611 shares changing hands. Over the past one week, the price volatility of CubeSmart stands at 2.24% while the volatility over the past one month is 2.41%.

The market cap for CUBE stock reached $9.62 billion, with 224.66 million shares outstanding and 223.03 million shares in the current float. Compared to the average trading volume of 1.68M shares, CUBE reached a trading volume of 2818611 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CubeSmart [CUBE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CUBE shares is $51.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CUBE stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for CubeSmart shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 21, 2022. While these analysts kept the previous recommendation, Raymond James dropped their target price from $60 to $52. The new note on the price target was released on May 23, 2022, representing the official price target for CubeSmart stock. Previously, the target price had yet another raise to $60, while Raymond James analysts kept a Outperform rating on CUBE stock.

The Average True Range (ATR) for CubeSmart is set at 1.09, with the Price to Sales ratio for CUBE stock in the period of the last 12 months amounting to 11.02. The Price to Book ratio for the last quarter was 3.40, with the Price to Cash per share for the same quarter was set at 0.04. Price to Free Cash Flow for CUBE in the course of the last twelve months was 66.73.

How has CUBE stock performed recently?

CubeSmart [CUBE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.21. With this latest performance, CUBE shares gained by 7.73% in over the last four-week period, additionally sinking by -14.03% over the last 6 months – not to mention a drop of -10.32% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CUBE stock in for the last two-week period is set at 54.56, with the RSI for the last a single of trading hit 60.66, and the three-weeks RSI is set at 50.86 for CubeSmart [CUBE]. The present Moving Average for the last 50 days of trading for this stock 42.36, while it was recorded at 41.98 for the last single week of trading, and 49.67 for the last 200 days.

CubeSmart [CUBE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CubeSmart [CUBE] shares currently have an operating margin of +35.33 and a Gross Margin at +41.14. CubeSmart’s Net Margin is presently recorded at +27.17.

Return on Equity for this stock inclined to 9.50, with Return on Assets sitting at 3.95.

Earnings analysis for CubeSmart [CUBE]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CUBE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CubeSmart go to 6.00%.

Insider trade positions for CubeSmart [CUBE]

There are presently around $9,208 million, or 100.00% of CUBE stock, in the hands of institutional investors. The top three institutional holders of CUBE stocks are: VANGUARD GROUP INC with ownership of 32,178,558, which is approximately 4.942% of the company’s market cap and around 0.20% of the total institutional ownership; FMR LLC, holding 20,326,467 shares of the stock with an approximate value of $875.87 million in CUBE stocks shares; and BLACKROCK INC., currently with $818.01 million in CUBE stock with ownership of nearly -7.84% of the company’s market capitalization.

Positions in CubeSmart stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 183 institutional holders increased their position in CubeSmart [NYSE:CUBE] by around 22,534,681 shares. Additionally, 205 investors decreased positions by around 21,751,175 shares, while 43 investors held positions by with 169,400,942 shares. The mentioned changes placed institutional holdings at 213,686,798 shares, according to the latest SEC report filing. CUBE stock had 44 new institutional investments in for a total of 5,288,393 shares, while 68 institutional investors sold positions of 5,283,976 shares during the same period.