Toast Inc (TOST)’s 0.89% Rise Drives It Into Interest-Losing Territory For Investors

Toast Inc (NYSE:TOST) has a beta value of 1.76 and has seen 0.81 million shares traded in the recent trading session. The company, currently valued at $13.86B, closed the last trade at $24.97 per share which meant it gained $0.22 on the day or 0.89% during that session. The TOST stock price is -11.73% off its 52-week high price of $27.90 and 44.85% above the 52-week low of $13.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.36 million shares traded. The 3-month trading volume is 7.32 million shares.

The consensus among analysts is that Toast Inc (TOST) is Buy stock at the moment, with a recommendation rating of 2.07. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 14 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.0.

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Toast Inc (NYSE:TOST) trade information

Sporting 0.89% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TOST stock price touched $24.97 or saw a rise of 0.36%. Year-to-date, Toast Inc shares have moved 36.75%, while the 5-day performance has seen it change 9.95%. Over the past 30 days, the shares of Toast Inc (NYSE:TOST) have changed -8.53%. Short interest in the company has seen 31.25 million shares shorted with days to cover at 5.35.

Wall Street analysts have a consensus price target for the stock at $28.5, which means that the shares’ value could jump 12.39% from the levels at last check today. The projected low price target is $17.0 while the price target rests at a high of $33.0. In that case, then, we find that the latest price level in today’s session is -32.16% off the targeted high while a plunge would see the stock lose 31.92% from the levels at last check today.

Toast Inc (TOST) estimates and forecasts

Figures show that Toast Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 28.58% over the past 6 months, with this year growth rate of 78.72%, compared to 20.00% for the industry. Revenue growth from the last financial year stood is estimated to be 26.60%.

18 analysts offering their estimates for the company have set an average revenue estimate of 1.29B for the current quarter. 18 have an estimated revenue figure of 1.3B for the next ending quarter. Year-ago sales stood 1.03B and 1.04B respectively for this quarter and the next, and analysts expect sales will grow by 25.10% for the current quarter and 26.60% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -2.90% over the past 5 years. Earnings growth for 2024 is a modest 435.67% while over the next 5 years, the company’s earnings are expected to decrease by -14.83%.

TOST Dividends

Toast Inc is expected to release its next earnings report 2024-Aug-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Toast Inc (NYSE:TOST)’s Major holders

Insiders own 11.08% of the company shares, while shares held by institutions stand at 82.79% with a share float percentage of 93.11%. Investors are also buoyed by the number of investors in a company, with Toast Inc having a total of 665.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 35.74 million shares worth more than $890.72 million. As of 2024-03-31, VANGUARD GROUP INC held 6.7186% of shares outstanding.

The other major institutional holder is CAPITAL INTERNATIONAL INVESTORS, with the holding of over 32.92 million shares as of 2024-03-31. The firm’s total holdings are worth over $820.47 million and represent 6.1887% of shares outstanding.