Toast Inc (NYSE:TOST) has a beta value of 1.77 and has seen 0.66 million shares traded in the recent trading session. The company, currently valued at $16.30B, closed the recent trade at $29.01 per share which meant it gained $0.28 on the day or 0.97% during that session. The TOST stock price is -3.14% off its 52-week high price of $29.92 and 52.53% 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 4.97 million shares traded. The 3-month trading volume is 5.77 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 0.01.
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Toast Inc (NYSE:TOST) trade information
Sporting 0.97% 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 $29.01 or saw a rise of 1.73%. Year-to-date, Toast Inc shares have moved 58.87%, while the 5-day performance has seen it change 0.10%. Over the past 30 days, the shares of Toast Inc (NYSE:TOST) have changed 8.45%. Short interest in the company has seen 34.26 million shares shorted with days to cover at 6.59.
Wall Street analysts have a consensus price target for the stock at $29, which means that the shares’ value could drop -0.03% 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 -13.75% off the targeted high while a plunge would see the stock lose 41.4% 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 27.52% over the past 6 months, with this year growth rate of 78.72%, compared to 19.00% for the industry. Revenue growth from the last financial year stood is estimated to be 26.70%.
19 analysts offering their estimates for the company have set an average revenue estimate of 1.29B for the current quarter. 19 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 25.30% for the current quarter and 26.70% 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 437.40% 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 on 2024-Nov-04 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 10.79% of the company shares, while shares held by institutions stand at 85.13% with a share float percentage of 95.42%. Investors are also buoyed by the number of investors in a company, with Toast Inc having a total of 684.0 institutions that hold shares in the company. The top two institutional holders are CAPITAL INTERNATIONAL INVESTORS with over 38.2 million shares worth more than $984.47 million. As of 2024-06-30, CAPITAL INTERNATIONAL INVESTORS held 6.9841% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 37.73 million shares as of 2024-06-30. The firm’s total holdings are worth over $972.26 million and represent 6.8974% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) New Horizons Fund and Growth Fund Of America Inc. As of Jun 30, 2024, the former fund manager holds about 4.48% shares in the company for having 20.63 shares of worth $601.57 million while later fund manager owns 20.1 shares of worth $586.05 million as of Jun 30, 2024, which makes it owner of about 4.36% of company’s outstanding stock.
