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Toast Inc. (NYSE:TOST) Share Price Recovers 36.85% From Its Lows, But Can It Maintain Its Rise?

In recent trading session, Toast Inc. (NYSE:TOST) saw 0.62 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $18.86 trading at $0.23 or 1.23% at last check today assigns it a market valuation of $9.83B. That most recent trading price of TOST’s stock is at a discount of -135.1% from its 52-week high price of $44.34 and is indicating a premium of 36.85% from its 52-week low price of $11.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.83 million shares which gives us an average trading volume of 5.73 million if we extend that period to 3-months.

For Toast Inc. (TOST), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 19 analysts covering the stock, 1 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.09 in the current quarter.

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Toast Inc. (NYSE:TOST) trade information

Upright in the green today for gaining 1.23%, in the last five days TOST remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $18.86 price level, subtracting -0.21% to its value on the day. Toast Inc.’s shares saw a change of -46.33% in year-to-date performance and have moved -1.84% in past 5-day. Toast Inc. (NYSE:TOST) showed a performance of -16.16% in past 30-days. Number of shares sold short was 14.72 million shares which calculate 2.9 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $25.22 to the stock, which implies a rise of 25.22% to its recent value today. Analysts have been projecting $19.00 as a low price target for the stock while placing it at a high target of $32.00. It follows that stock’s current price would drop -69.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.74% for stock’s current value.

Toast Inc. (TOST) estimates and forecasts

Statistics highlight that Toast Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 24.62% of value to its shares in past 6 months, showing an annual growth rate of 69.05% while that of industry is 5.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 55.80% from the last financial year’s standing.

15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $720.85 million for the same. And 15 analysts are in estimates of company making revenue of $729.77 million in the next quarter that will end on Dec 2022. Company posted $486.38 million and $512 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 48.20% while estimating it to be 42.50% for the next quarter.

TOST Dividends

Toast Inc. is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Toast Inc. (NYSE:TOST)’s Major holders

Insiders are in possession of 9.60% of company’s total shares while institution are holding 74.17 percent of that, with stock having share float percentage of 82.05%. Investors also watch the number of corporate investors in a company very closely, which is 74.17% institutions for Toast Inc. that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at TOST for having 40.76 million shares of worth $527.37 million. And as of Jun 29, 2022, it was holding 14.38% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 22.18 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 7.83% of outstanding shares, having a total worth of $287.01 million.

On the other hand, Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 24.22 million shares of worth $313.44 million or 8.55% of the total outstanding shares. The later fund manager was in possession of 7.08 million shares on Jun 29, 2022, making its stake of worth around $91.64 million in the company or a holder of 2.50% of company’s stock.

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