Toast Inc (NYSE:TOST) Is 54.58% Above Its 52-Week Low, But How Long Can It Continue?

In last trading session, Toast Inc (NYSE:TOST) saw 6.17 million shares changing hands with its beta currently measuring 1.77. Company’s recent per share price level of $30.32 trading at $0.78 or 2.64% at ring of the bell on the day assigns it a market valuation of $17.04B. That closing price of TOST’s stock is at a premium of 1.32% from its 52-week high price of $29.92 and is indicating a premium of 54.58% from its 52-week low price of $13.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.74 million shares which gives us an average trading volume of 5.65 million if we extend that period to 3-months.

For Toast Inc (TOST), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.07. Splitting up the data highlights that, out of 14 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Toast Inc (NYSE:TOST) trade information

Upright in the green during last session for gaining 2.64%, in the last five days TOST remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $30.32 price level, adding 1.24% to its value on the day. Toast Inc’s shares saw a change of 66.05% in year-to-date performance and have moved 6.99% in past 5-day. Toast Inc (NYSE:TOST) showed a performance of 12.46% in past 30-days. Number of shares sold short was 34.26 million shares which calculate 6.59 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 29 to the stock, which implies a fall of -4.55% to its current value. Analysts have been projecting 17 as a low price target for the stock while placing it at a high target of 33. It follows that stock’s current price would jump 43.93% in reaching the projected high whereas dropping to the targeted low would mean a gain of 43.93% 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 added 40.24% of value to its shares in past 6 months, showing an annual growth rate of 78.72% while that of industry is 19.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -2.90% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 437.40% while estimates for its earnings growth in next 5 years are of -14.83%.

Toast Inc (NYSE:TOST)’s Major holders

Insiders are in possession of 10.79% of company’s total shares while institution are holding 85.14 percent of that, with stock having share float percentage of 95.43%. Investors also watch the number of corporate investors in a company very closely, which is 85.14% institutions for Toast Inc that are currently holding shares of the company. CAPITAL INTERNATIONAL INVESTORS is the top institutional holder at TOST for having 38.2 million shares of worth $984.47 million. And as of 2024-06-30, it was holding 6.9841 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 37.73 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.8974 of outstanding shares, having a total worth of $972.26 million.