Toast Inc (TOST) shares projected to rise by -9.17%

Toast Inc [TOST] stock is trading at $26.82, up 13.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TOST shares have gain 16.61% over the last week, with a monthly amount glided 13.16%, 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 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 [TOST] stock has fluctuated between $13.77 and $27.00 over the past year. Currently, Wall Street analysts expect the stock to reach $24.36 within the next 12 months. Toast Inc [NYSE: TOST] shares were valued at $26.82 at the most recent close of the market. An investor can expect a potential drop of -9.17% based on the average TOST price forecast.

Analyzing the TOST fundamentals

Toast Inc [NYSE:TOST] reported sales of 4.12B for the trailing twelve months, which represents a growth of 31.26%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.06%, 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 -0.21 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.

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 25.33 points at the first support level, and at 23.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.81, and for the 2nd resistance point, it is at 28.80.

Toast Inc [TOST] reported earnings per share of -$0.07 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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 2.23. In addition, the Quick Ratio stands at 2.06 and the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 3.60, the price to book ratio is 12.31.

Transactions by insiders

Recent insider trading involved Matlock James Michael, Principal Accounting Officer, that happened on May 03 ’24 when 4151.0 shares were sold. Principal Accounting Officer, Matlock James Michael completed a deal on May 02 ’24 to sell 6098.0 shares. Meanwhile, Chief Financial Officer Gomez Elena sold 2041.0 shares on May 02 ’24.

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