In today’s recent session, 3.65 million shares of the Toast Inc (NYSE:TOST) have been traded, and its beta is 1.74. Most recently the company’s share price was $23.44, and it changed around -$0.75 or -3.10% from the last close, which brings the market valuation of the company to $13.01B. TOST at last check was trading at a discount to its 52-week high of $27.90, offering almost -19.03% off that amount. The share price’s 52-week low was $13.77, which indicates that the recent value has risen by an impressive 41.25% since then. We note from Toast Inc’s average daily trading volume that its 10-day average is 6.87 million shares, with the 3-month average coming to 7.73 million.

Toast Inc (NYSE:TOST) trade information

Instantly TOST has been showing red trend so far today with a performance of -3.10% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 26.72 on recent trading dayincreased the stock’s daily price by 12.28%. The company’s shares are currently up 28.37% year-to-date, but still down -10.40% over the last five days. On the other hand, Toast Inc (NYSE:TOST) is -5.98% down in the 30-day period. We can see from the shorts that 34.7 million shares have been sold at a short interest cover period of 5.77 day(s).

The consensus price target as assigned by Wall Street analysts is $28.5, which translates to bulls needing to increase their stock price by 17.75% from its current value. Analyst projections state that TOST is forecast to be at a low of $17 and a high of $33.

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 27.32 percent over the past six months and at a 70.21% annual growth rate that is well above the industry average of 21.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 116.70% in revenue this quarter, and will report an increase of 114.30% in the next quarter. The year-over-year growth rate is expected to be 26.40%, up from the previous year.

Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 1.29B in revenue for the current quarter. 20 analysts expect Toast Inc to make 1.3B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.03B and 1.04B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.10%. Forecasts for the next quarter put sales growth at 25.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.90%. Toast Inc earnings are expected to increase by 435.36% in 2024, but the outlook is negative -14.83% per year for the next five years.

TOST Dividends

Toast Inc’s next quarterly earnings report is expected to be released on 2024-Nov-04.

Toast Inc (NYSE:TOST)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 11.28% of Toast Inc shares, and 80.24% of them are in the hands of institutional investors. The stock currently has a share float of 90.44%. Toast Inc stock is held by 661.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 6.7186% of the shares, which is about 35.74 million shares worth $890.72 million.

CAPITAL INTERNATIONAL INVESTORS, with 6.1887% or 32.92 million shares worth $820.47 million as of 2024-03-31, holds the second largest percentage of outstanding shares.

Growth Fund Of America Inc and Price (T.Rowe) New Horizons Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 20.1 shares worth $468.58 million, making up 4.44% of all outstanding shares. On the other hand, Price (T.Rowe) New Horizons Fund held roughly 14.24 shares worth around $332.07 million, which represents about 3.14% of the total shares outstanding.