A share price of Toast Inc [TOST] is currently trading at $24.56, up 6.88%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TOST shares have gain 5.59% over the last week, with a monthly amount drifted -1.76%, and not seem to be holding up well over a long-time horizon.
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On 11, April 2024, Toast Expands Commitment to Enterprise Brands with Launch of Restaurant Management Suite. In a post published today on Yahoo Finance, New features give restaurant brands exclusive data and insights, control and support, and access to valuable integrations and APIs.
From an analyst’s perspective:
Toast Inc [NYSE: TOST] stock has seen the most recent analyst activity on April 09, 2024, when Keefe Bruyette initiated its Mkt Perform rating and assigned the stock a price target of $25. Previously, Exane BNP Paribas upgraded its rating to Outperform on March 07, 2024, and kept the price target unchanged to $30. On March 04, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $32 on the stock. Redburn Atlantic upgraded its rating to a Buy but stick to its price target of $28 on February 07, 2024. RBC Capital Mkts initiated its recommendation with a Sector Perform and recommended $19 as its price target on January 31, 2024. Goldman upgraded its rating to Buy for this stock on January 10, 2024, but kept the price target unchanged to $24. In a note dated December 06, 2023, Redburn Atlantic initiated an Neutral rating and provided a target price of $18 on this stock.
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 $24.55 within the next 12 months. Toast Inc [NYSE: TOST] shares were valued at $24.56 at the most recent close of the market. An investor can expect a potential drop of -0.04% 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 0.04.
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 23.59 points at the first support level, and at 22.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.05, and for the 2nd resistance point, it is at 25.54.
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. As well, the Quick Ratio is 2.09, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 3.48, the price to book ratio is 11.17.
Transactions by insiders
Recent insider trading involved Gomez Elena, Chief Financial Officer, that happened on Apr 02 ’24 when 15063.0 shares were sold. CEO, Narang Aman completed a deal on Apr 02 ’24 to sell 2471.0 shares. Meanwhile, Chief Revenue Officer Vassil Jonathan sold 2282.0 shares on Apr 02 ’24.
