After A -24.51% Fall This Year Is Toast Inc (NYSE:TOST) A Better Buy Than Others?

In recent trading session, Toast Inc (NYSE:TOST) saw 2.42 million shares changing hands at last check today with its beta currently measuring 1.58. Company’s recent per share price level of $14.33 trading at $0.08 or 0.55% at last check today assigns it a market valuation of $7.72B. That most recent trading price of TOST’s stock is at a discount of -88.42% from its 52-week high price of $27.00 and is indicating a premium of 3.7% from its 52-week low price of $13.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.32 million shares which gives us an average trading volume of 8.02 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 2.22. Splitting up the data highlights that, out of 23 analysts covering the stock, 1 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 11 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.11 in the current quarter.

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Toast Inc (NYSE:TOST) trade information

Upright in the green today for gaining 0.55%, in the last five days TOST remained trading in the green while hitting it’s week-highest on Tuesday, 11/14/23 when the stock touched $14.33 price level, adding 4.15% to its value on the day. Toast Inc’s shares saw a change of -20.53% in year-to-date performance and have moved 1.55% in past 5-day. Toast Inc (NYSE:TOST) showed a performance of -19.55% in past 30-days. Number of shares sold short was 29.37 million shares which calculate 3.84 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $18.89 to the stock, which implies a rise of 24.14% to its recent value today. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $22.00. It follows that stock’s current price would drop -53.52% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.68% 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 lost -31.15% of value to its shares in past 6 months, showing an annual growth rate of 27.78% while that of industry is 18.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 42.10% in the current quarter and calculating 33.30% increase in the next quarter. This year revenue growth is estimated to rise 40.90% from the last financial year’s standing.

17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.02 billion for the same. And 16 analysts are in estimates of company making revenue of $1.06 billion in the next quarter that will end on Mar 2024. Company posted $769 million and $764.04 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 32.40% while estimating it to be 38.90% for the next quarter.

TOST Dividends

Toast Inc is more likely to be releasing its next quarterly report between February 16 and February 21 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 4.65% of company’s total shares while institution are holding 86.05 percent of that, with stock having share float percentage of 90.24%. Investors also watch the number of corporate investors in a company very closely, which is 86.05% institutions for Toast Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at TOST for having 31.58 million shares of worth $712.86 million. And as of Jun 29, 2023, it was holding 7.69% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 27.49 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.69% of outstanding shares, having a total worth of $620.47 million.

On the other hand, Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 15.08 million shares of worth $340.41 million or 3.67% of the total outstanding shares. The later fund manager was in possession of 10.82 million shares on Jun 29, 2023, making its stake of worth around $244.27 million in the company or a holder of 2.63% of company’s stock.

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