CubeSmart (NYSE:CUBE) currently has a daily average trading volume of 1.47M but it saw 1860761 shares traded in last market. With a market cap of 9.67B USD, the company’s current market price of $42.53 came rising about 0.52 while comparing to the previous closing price of $42.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.14 and as low as $39.80.
Taking a look at 20-day trading activity of CubeSmart (CUBE) gives us an average price of $42.02, while its current price level is -22.87% below from 52-week high level whereas it is 6.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $42.13 while that of 200 days or SMA-200 reads an average of $46.53. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.32% during that period while stretching the period over a month that decreases to 1.95%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.17 which implies that the stock is in neutral territory.
Deutsche Bank upgraded its recommendation for the stock as a “Hold” from “Sell” on January 10, 2025 while assigning a price target range of $46-$45. Jefferies issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $57 and $46.
Over the week, CUBE’s stock price is moving 1.31% up while it is 1.31% when we observe its performance for the past one month. Year-to-date it is -0.75% down and over the past year, the stock is showing a downside performance of -0.44%.
Currently, CubeSmart’s total number of outstanding shares is 226.00M with 1.04% of that held by the insiders while 99.70% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.02% and return on equity (ROE) at 14.37%. It has a price to earnings ratio (P/E ratio) of 23.98 while having a 24.03 of forward P/E ratio. Stock’s beta reads 0.90. Stock has a price to book (P/B) ratio of 3.45 while price to sale or P/S ratio amounts to 9.09. Its return on asset (ROA) is 6.47% on average.
