Toast Inc (NYSE:TOST) Is Currently 10.76% Above Its 52-Week High, But Upside Potential Is Still There.

In recent trading session, Toast Inc (NYSE:TOST) saw 12.97 million shares changing hands at last check today with its beta currently measuring 1.76. Company’s recent per share price level of $36.99 trading at $4.32 or 13.22% at last check today assigns it a market valuation of $20.79B. That most recent trading price of TOST’s stock is at a premium of 10.76% from its 52-week high price of $33.01 and is indicating a premium of 62.77% 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 6.89 million shares which gives us an average trading volume of 5.19 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. The company is expected to be making an EPS of 0.01 in the current quarter.

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Toast Inc (NYSE:TOST) trade information

Upright in the green today for gaining 13.22%, in the last five days TOST remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $36.99 price level, adding 3.67% to its value on the day. Toast Inc’s shares saw a change of 102.57% in year-to-date performance and have moved 19.40% in past 5-day. Toast Inc (NYSE:TOST) showed a performance of 27.99% in past 30-days. Number of shares sold short was 35.7 million shares which calculate 7.0 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 29.5 to the stock, which implies a fall of -25.39% to its recent value today. Analysts have been projecting 17 as a low price target for the stock while placing it at a high target of 35. It follows that stock’s current price would jump 54.04% in reaching the projected high whereas dropping to the targeted low would mean a gain of 54.04% 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 37.87% of value to its shares in past 6 months, showing an annual growth rate of 78.72% while that of industry is 20.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 26.10% from the last financial year’s standing.

20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.3B for the same. And 20 analysts are in estimates of company making revenue of 1.3B in the next quarter. Company posted 1.03B and 1.04B of sales in current and next quarters respectively a year earlier.

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 445.08% 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 10.07% of company’s total shares while institution are holding 84.47 percent of that, with stock having share float percentage of 93.93%. Investors also watch the number of corporate investors in a company very closely, which is 84.47% 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.