In today’s recent session, 3.98 million shares of the Toast Inc (NYSE:TOST) have been traded, and its beta is 1.86. Most recently the company’s share price was $42.06, and it changed around -$0.44 or -1.04% from the last close, which brings the market valuation of the company to $23.89B. TOST at last check was trading at a discount to its 52-week high of $42.51, offering almost -1.07% off that amount. The share price’s 52-week low was $13.77, which indicates that the recent value has risen by an impressive 67.26% since then. We note from Toast Inc’s average daily trading volume that its 10-day average is 12.16 million shares, with the 3-month average coming to 6.17 million.
Toast Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.17. If we narrow it down even further, the data shows that 1 out of 28 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 12 recommended TOST as a Hold, whereas 9 deemed it a Buy, and 1 rated it as Underweight. Toast Inc is expected to report earnings per share of 0.16 for the current quarter.
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Toast Inc (NYSE:TOST) trade information
Instantly TOST has been showing red trend so far today with a performance of -1.04% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 42.85 on recent trading dayincreased the stock’s daily price by 1.84%. The company’s shares are currently up 130.34% year-to-date, but still up 5.36% over the last five days. On the other hand, Toast Inc (NYSE:TOST) is 43.21% up in the 30-day period. We can see from the shorts that 31.73 million shares have been sold at a short interest cover period of 6.48 day(s).
The consensus price target as assigned by Wall Street analysts is $29.5, which translates to bulls needing to decrease their stock price by -42.58% from its current value. Analyst projections state that TOST is forecast to be at a low of $17 and a high of $35.
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 57.65 percent over the past six months and at a 104.26% annual growth rate that is well above the industry average of 25.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 300.46% in revenue this quarter, and will report an increase of 1,518.18% in the next quarter. The year-over-year growth rate is expected to be 27.51%, up from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 1.31B in revenue for the current quarter. 19 analysts expect Toast Inc to make 1.35B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.04B and 1.07B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.70%. Forecasts for the next quarter put sales growth at 25.15%.
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 497.26% 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 in December.
Toast Inc (NYSE:TOST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.68% of Toast Inc shares, and 88.19% of them are in the hands of institutional investors. The stock currently has a share float of 97.64%. Toast Inc stock is held by 696.0 institutions, with CAPITAL INTERNATIONAL INVESTORS being the largest institutional investor. By 2024-06-30, it held 6.9841% of the shares, which is about 38.2 million shares worth $984.47 million.
VANGUARD GROUP INC, with 6.8974% or 37.73 million shares worth $972.26 million as of 2024-06-30, 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 Sep 30, 2024. The former held 22.9 shares worth $961.94 million, making up 4.86% of all outstanding shares. On the other hand, Price (T.Rowe) New Horizons Fund held roughly 20.63 shares worth around $866.46 million, which represents about 4.38% of the total shares outstanding.
