The stock of Toast Inc. (NYSE:TOST) decreased by -$0.24 on Monday to finish at $20.99, down -1.13 percent. The last five days have seen an average of 4,507,600 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $2.96. The average number of shares traded over the last 20 days was 7,733,330, while the average volume over the last 50 days totaled 7,796,564.
TOST stock dropped -2.82% since last month. On 08/07/23, the company’s shares reached a one-month low of $19.78. The stock touched a high of $27.00 on 07/18/23, after rallying from a low of $15.77 in 52 weeks. The price of TOST stock has risen by 16.42% or $2.96 this year, reaching a new high 15 times. Still, the stock price is down -22.26% from the 52-week high.
Insider Transactions
TOST stock investors should be aware that Toast Inc. (TOST) stock had its last reported insider trading activity 14 days ago on Aug 15. On Aug 15, Chief Executive Officer Comparato Christopher P sold 58,000 shares at $23.27 each. This transaction resulted in the insider making $1,349,776. On Aug 15, Matlock James Michael sold 806 shares at a price of US$23.27. After the transaction, the insider now owns 29,236 shares. Principal Accounting Officer Matlock James Michael had earlier sold 4,151 shares on Aug 03 for $20.43 a share. The transaction was completed for $84,784.
Valuation Metrics
Beta for the stock is 1.70. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.35, the price-to-book (PB) ratio of 10.29.
Financial Health
For the three months ended June 29, Toast Inc.’s quick ratio was 2.30, while its current ratio was 2.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 20.80% percent. Toast Inc.’s EBITDA margin for the year ended June 29 was -13.04%, whereas its operating margin stood at -10.70% for the same period. Based on annual data, it had gross profit of $511.0 million and revenue of $2.73 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TOST’s return on assets (ROA) during the last 12 months has been -21.30%. There was a -34.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -34.30%.
Earnings Surprise
According to Toast Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $978.0 million, while revenues rose by 30.98% to $819.0 million. It was predicted that Toast Inc.’s quarterly earnings would be -$0.19, but it ended up being -$0.14, beating the consensus by -35.70%. EBITDA was -$58.0 million for the quarter. At the end of Toast Inc.’s most recent quarter ended June 29, its liabilities totaled 716.0 million, while its total debt was $33.0 million. Equity owned by shareholders amounts to $535.63 million.
Technical Picture
Here’s a quick look at Toast Inc.’s (TOST) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 38.95%, suggesting the stock is Neutral, with a 23.26% historical volatility rate.
The stochastic %K and %D were 21.84% and 28.69% respectively, while the average true range (ATR) was 0.88. Based on the 14-day stochastic reading of 8.15%, the RSI (14) reading is 42.93%. On the 9-day MACD Oscillator, the stock is at -0.67, and the 14-day reading is at -1.25.
Analyst Ratings
In its analyst report released on July 11, 2023, Jefferies began covering Toast Inc. (NYSE: TOST). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Toast Inc. (TOST) an Overweight rating. TOST is a stock that is recommended for selling by 1 brokerage firm, while 13 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is TOST’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $31.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for Toast Inc. (TOST) is $25.58.
