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Toast Inc. (NYSE: TOST): Is It A Gold Mine Or A Disaster In The Making?

In the last trading session, 10.94 million shares of the Toast Inc. (NYSE:TOST) were traded. Most recently the company’s share price was $20.52, and it changed around -$0.78 or -3.66% from the last close, which brings the market valuation of the company to $11.01B. TOST currently trades at a discount to its 52-week high of $26.03, offering almost -26.85% off that amount. The share price’s 52-week low was $12.15, which indicates that the current value has risen by an impressive 40.79% since then. We note from Toast Inc.’s average daily trading volume that its 10-day average is 8.58 million shares, with the 3-month average coming to 6.17 million.

Toast Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.50. If we narrow it down even further, the data shows that 1 out of 23 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 12 recommended TOST as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Toast Inc. is expected to report earnings per share of -$0.15 for the current quarter.

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Toast Inc. (NYSE:TOST) trade information

Instantly TOST has showed a red trend with a performance of -3.66% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 21.60 on Tuesday, 05/23/23 increased the stock’s daily price by 5.0%. The company’s shares are currently up 13.81% year-to-date, but still up 9.56% over the last five days. On the other hand, Toast Inc. (NYSE:TOST) is 16.06% up in the 30-day period. We can see from the shorts that 20.5 million shares have been sold at a short interest cover period of 4.79 day(s).

The consensus price target as assigned by Wall Street analysts is $23.58, which translates to bulls needing to increase their stock price by 12.98% from its current value. Analyst projections state that TOST is forecast to be at a low of $18.00 and a high of $30.00. In order for the stock price to hit the forecast high, the stock would need to plunge -46.2% from its current level, while the stock would need to crash 12.28% from its current level to reach the projected low.

Toast Inc. (TOST) estimates and forecasts

Toast Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 12.75 percent over the past six months and at a 20.83% annual growth rate that is well above the industry average of 16.20%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -36.40% in revenue this quarter, and will report an increase of 36.80% in the next quarter. The year-over-year growth rate is expected to be 38.20%, up from the previous year.

Consensus estimates provided by 16 financial analysts predict the company will bring in an average of $940.27 million in revenue for the current quarter. 16 analysts expect Toast Inc. to make $1 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $675 million and $721.52 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 39.30%. Forecasts for the next quarter put sales growth at 38.80%.

TOST Dividends

Toast Inc.’s next quarterly earnings report is expected to be released around August 11 and August 16.

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

Upon looking at major shareholders, it appears that insiders hold 4.75% of Toast Inc. shares, and 83.64% of them are in the hands of institutional investors. The stock currently has a share float of 87.81%. Toast Inc. stock is held by 472 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 8.37% of the shares, which is about 29.87 million shares worth $530.15 million.

FMR, LLC, with 8.09% or 28.88 million shares worth $512.68 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Price (T.Rowe) New Horizons Fund and Amcap Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 19.72 million shares worth $355.54 million, making up 5.44% of all outstanding shares. On the other hand, Amcap Fund held roughly 11.14 million shares worth around $197.74 million, which represents about 3.07% of the total shares outstanding.

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