A share price of Toast Inc [TOST] is currently trading at $24.39, up 4.32%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TOST shares have gain 14.29% over the last week, with a monthly amount glided 31.48%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Toast Announces Participation at Morgan Stanley Conference. In a post published today on Yahoo Finance, Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today announced its management team will present at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA on Tuesday, March 5, 2024 at 12:35 p.m. PST. A webcast of the company presentation will be available on Toast’s Investor Relations website at https://investors.toasttab.com/overview/.
From an analyst’s perspective:
Toast Inc [NYSE: TOST] stock has seen the most recent analyst activity on March 04, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $32. Previously, Redburn Atlantic upgraded its rating to Buy on February 07, 2024, and kept the price target unchanged to $28. On January 31, 2024, RBC Capital Mkts initiated with a Sector Perform rating and assigned a price target of $19 on the stock. Goldman upgraded its rating to a Buy but stick to its price target of $24 on January 10, 2024. Redburn Atlantic initiated its recommendation with a Neutral and recommended $18 as its price target on December 06, 2023. BofA Securities downgraded its rating to Neutral for this stock on December 06, 2023, and downed its price target to $16. In a note dated November 10, 2023, Robert W. Baird upgraded an Outperform rating on this stock but restated the target price of $18.
Toast Inc experienced fluctuations in its stock price throughout the past year between $13.77 and $27.00. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Toast Inc [NYSE: TOST] shares were valued at $24.39 at the most recent close of the market. An investor can expect a potential drop of -1.6% based on the average TOST price forecast.
Analyzing the TOST fundamentals
Trailing Twelve Months sales for Toast Inc [NYSE:TOST] were 3.87B which represents 34.72% growth. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.2 and Total Capital is -0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.53 points at the first support level, and at 22.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.90, and for the 2nd resistance point, it is at 25.40.
Toast Inc [TOST] reported earnings per share of -$0.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0.03 and a surprise factor of 30.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.06 per share as compared to estimates of -$0.1 per share, a difference of $0.04 representing a surprise of 40.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Toast Inc [NYSE:TOST] is 2.28. Further, the Quick Ratio stands at 2.09, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 3.43, the price to book ratio is 11.09.
Transactions by insiders
Recent insider trading involved Vassil Jonathan, Chief Revenue Officer, that happened on Feb 16 when 100000.0 shares were sold. Principal Accounting Officer, Matlock James Michael completed a deal on Feb 15 to sell 943.0 shares. Meanwhile, Principal Accounting Officer Matlock James Michael sold 4151.0 shares on Feb 05.
