Toast Inc [TOST] stock is trading at $24.48, up 2.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The TOST shares have gain 5.29% over the last week, with a monthly amount glided 14.71%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Toast Inc [NYSE: TOST] stock has seen the most recent analyst activity on March 07, 2024, when Exane BNP Paribas upgraded its rating to a Outperform but kept the price target unchanged to $30 for it. Previously, Evercore ISI started tracking the stock with Outperform rating on March 04, 2024, and set its price target to $32. On February 07, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $28 on the stock. RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and suggested a price target of $19 on January 31, 2024. Goldman upgraded its rating to a Buy but $24 remained the price target by the analyst firm on January 10, 2024. Redburn Atlantic started tracking with a Neutral rating for this stock on December 06, 2023, and assigned it a price target of $18. In a note dated December 06, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $22 to $16.
Toast Inc [TOST] stock has fluctuated between $13.77 and $27.00 over the past year. Currently, Wall Street analysts expect the stock to reach $24.55 within the next 12 months. Toast Inc [NYSE: TOST] shares were valued at $24.48 at the most recent close of the market. An investor can expect a potential return of 0.29% based on the average TOST price forecast.
Analyzing the TOST fundamentals
Toast Inc [NYSE:TOST] reported sales of 3.87B for the trailing twelve months, which represents a growth of 34.72%. 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 0.04.
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 24.04 points at the first support level, and at 23.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.94, 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
For context, Toast Inc’s Current Ratio is 2.28. On the other hand, the Quick Ratio is 2.09, and the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 3.44, the price to book ratio is 11.13.
Transactions by insiders
Recent insider trading involved Matlock James Michael, Principal Accounting Officer, that happened on Mar 15 ’24 when 787.0 shares were sold. Chief Revenue Officer, Vassil Jonathan completed a deal on Mar 13 ’24 to sell 100000.0 shares. Meanwhile, Chief Revenue Officer Vassil Jonathan sold 100000.0 shares on Feb 16 ’24.
