Toast Inc. (NYSE:TOST) saw a downside of -0.74% to close Tuesday at $20.22 after subtracting -$0.15 on the day. The 5-day average trading volume is 8,421,800 shares of the company’s common stock. It has gained $21.60 in the past week and touched a new high 1 time within the past 5 days. An average of 9,253,900 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,683,560.
TOST’s 1-month performance is -11.39% or -$2.27 on its low of $19.78 reached on 08/07/23. The company’s shares have touched a 52-week low of $15.77 and high of $27.00, with the stock’s rally to the 52-week high happening on 07/18/23. YTD, TOST has achieved 12.15% or $2.19 and has reached a new high 15 times. However, the current price is down -25.11% from the 52-week high price.
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Insider Transactions
TOST stock investors last saw insider trading activity on Aug 03.Matlock James Michael (Principal Accounting Officer) most recently sold 4,151 shares at $20.43 per share on Aug 03. This transaction cost the insider $84,784. Principal Accounting Officer, Matlock James Michael, sold 7,945 shares at a price of $20.74 on Aug 02. Then, on Aug 02, Chief Executive Officer Comparato Christopher P sold 2,444 shares at a price of $20.74 per share. This transaction amounted to $50,698.
Valuation Metrics
TOST stock has a beta of 1.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.67 while the price-to-book (PB) in the most recent quarter is 9.63.
Toast Inc.’s quick ratio for the period ended March 30 was 2.40, with the current ratio over the same period at 2.60.. In terms of profitability, the gross margin trailing 12 months is 19.80%. The trailing 12-month EBITDA margin is -13.04% while for the period ending March 30, Toast Inc.’s operating margin was -12.40%. The firm’s gross profit as reported stood at $511.0 million against revenue of $2.73 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Toast Inc.’s cash and short-term investments amounted to $499.0 million against total debt of $92.0 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 71.6% to -$81.0 million, while revenue of -$100.0 million was -23.46% off the previous quarter. Analysts expected TOST to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.15, representing a 11.80% surprise. EBITDA for the quarter stood at more than -$72.0 million. TOST stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 697.0 million, with total debt at $92.0 million. Shareholders hold equity totaling $530.48 million.
Let’s look briefly at Toast Inc. (TOST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 35.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 53.29%.
The stock’s 5-day moving average is $20.33, reflecting a -7.21% or -$1.57 change from its current price. TOST is currently trading -13.96% above its 20-day SMA, +17.63% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.16% and SMA200 by+4.28%.
Stochastic %K and %D was 8.89% and 6.66% and the average true range (ATR) pointed at 0.95. The RSI (14) points at 39.56%, while the 14-day stochastic is at 12.75% with the period’s ATR at 0.99. The stock’s 9-day MACD Oscillator is pointing at -0.73 and -1.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Toast Inc. (NYSE: TOST), Jefferies launched coverage with a Buy rating. Analysts offering their rating for TOST stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TOST as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is TOST’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.00 and a high of $30.00, with their median price target at $23.50. Looking at these predictions, the average price target given by analysts is for Toast Inc. (TOST) stock is $24.08.
