CUBA Stock Summary and Trading Ideas (Herzfeld Caribbean Basin - Closed End | NASDAQ:CUBA)

The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including U.S.-based companies, (i) whose securities are traded principally on a stock exchange in a Caribbean Basin Country or (ii) that have at least 50% of the value of their assets in a Caribbean Basin Country or (iii) that derive at least 50% of their total revenue from operations in a Caribbean Basin Country (collectively, “Caribbean Basin Companies”). Under normal conditions, the Fund invests at least 80% of its total assets in equity and equity-linked securities of Caribbean Basin Countries. This 80% policy may be changed without stockholder approval upon sixty days written notice to stockholders. The Fund’s investment objective is fundamental and may not be changed without the approval of a majority of the Fund’s outstanding voting securities.

Herzfeld Caribbean Basin - Closed End trades on the NASDAQ stock market under the symbol CUBA.

As of April 19, 2024, CUBA stock price declined to $2.37 with 60,276 million shares trading.

CUBA has a beta of 0.22, meaning it tends to be less sensitive to market movements. CUBA has a correlation of 0.01 to the broad based SPY ETF.

CUBA has a market cap of $34.29 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CUBA stock traded as high as $6.50 and as low as $2.25.

CUBA has underperformed the market in the last year with a price return of -26.3% while the SPY ETF gained +21.2%. CUBA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.5% and -8.5%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

CUBA support price is $2.33 and resistance is $2.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CUBA stock will trade within this expected range on the day.