CubeSmart (NYSE:CUBE): How is This Stock Looking?

Sharp investors are usually looking for true bargains in the stock market. Finding these stocks can help give the stock portfolio a boost. Shares of CubeSmart (NYSE:CUBE) have come into focus recently. Checking in on the stock, we can see that it has been trading near the $26.16 level. Going forward, the investment community will be closely monitoring shares looking for signs of positive momentum. Investors will often follow the current stock price relative to its 52-week high and low levels. The 52-week high is presently 29.65, and the 52-week low is sitting at 22.94. When the stock is trading near the 52-week high or 52-week low, investors may pay increased attention to see if there will be a move through that level. Scanning back over the past 12 weeks, the stock has moved -9.7%. Heading back to the beginning of the calendar year, we can see that shares have changed -9.54%. Over the last 4 weeks, shares have seen a change of -4.18%. Over the last 5 sessions, the stock has moved 1.4%.

Technical traders may be following indicators to help spot possible entry and exit points. The two main types of indicators are lagging and leading. The leading indicator precedes stock price movements which can be used as a predictor. Lagging indicators may be used as confirmation as they follow price action. Lagging indicators may be highly useful when the market is trending, and leading indicators may be the strongest when the market is moving sideways. Indicators that stay within a certain range are referred to as oscillators. These common indicators are usually monitored for trading signals when the reading gets close to a specific level. 

Sell-side analysts have the capability of providing stock ratings for companies that they cover. According to analysts polled by Zacks Research, the current average broker rating on shares of CubeSmart (NYSE:CUBE) is 2.5. This average rating includes analysts who have offered Sell, Buy and Hold ratings on the stock. This rating falls on a numeric scale from 1 to 5. A score of 1 would indicate a Buy recommendation, and a score of 5 would represent a Sell recommendation. Out of all the analysts offering ratings, 3 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research.

Tracking the current quarter consensus EPS estimate for CubeSmart (NYSE:CUBE), we have noted that the number is currently 0.39. This estimate is using 5 contributing analysts polled by Zacks Research. For the last quarter, the company posted a quarterly EPS of 0.22. Sell-side Wall Street analysts study companies and provide their opinions of where the stock might be going in the future. A lot of weight is given to analyst estimates, and earnings beats or misses revolve around these predictions. Sometimes these estimates are very close to the actual, and other times they are not. When a company announces actual earnings results, a large surprise factor can result in increased volatility. If a company beats estimates and posts a positive earnings surprise, the stock may see a near-term bump in price. On the flip side, a negative surprise may move the stock lower. Based on the unknown, many investors may choose to trade with caution around earnings releases.

Analysts have set a target price on shares of CubeSmart (NYSE:CUBE). The current consensus price target is $29.44. Wall Street analysts often provide price target projections on stocks that they cover. Price target projections can be created using a wide variety of methods. Many investors will closely track stock target prices, especially when analysts make updates. A thorough research report will generally offer detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.

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