As of Thursday close, Toast Inc.’s (NYSE:TOST) stock was up $0.07, moving up 0.32 percent to $22.17. The average number of shares traded per day over the past five days has been 4,777,620 shares. 5 times new highs have been achieved over the past 5 days, with a $1.19 gain in that time frame. In the last twenty days, the average volume was 7,509,020, while in the previous 50 days, it was 7,643,066.
Since last month, TOST stock rose 8.73%. Shares of the company fell to $19.78 on 08/07/23, the lowest level in the past month. A 52-week high of $27.00 was reached on 07/18/23 after having rallying from a 52-week low of $15.77. Since the beginning of this year, TOST’s stock price has risen by 22.96% or $4.14, and marked a new high 15 times. However, the stock has declined by -17.89% since its 52-week high.
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TOST stock investors should be aware that Toast Inc. (TOST) stock had its last reported insider trading activity 17 days ago on Aug 15. Comparato Christopher P, the Chief Executive Officer of the company, disposed of 58,000 shares for $23.27 on Aug 15. It resulted in a $1,349,776 divestment by the insider. Matlock James Michael sold 806 shares at an average price of $23.27 on Aug 15. The insider now owns 29,236 shares following the transaction. On Aug 03, Principal Accounting Officer Matlock James Michael sold 4,151 shares at $20.43 apiece. The transaction was valued at $84,784.
Valuation Metrics
The stock’s beta is 1.72. Besides these, the trailing price-to-sales (P/S) ratio of 3.54, the price-to-book (PB) ratio of 10.87.
Financial Health
In the recent quarter, Toast Inc.’s quick ratio stood at 2.30, while its current ratio was 2.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 20.80% percent. In the recent year, EBITDA margin amounted to -13.04%, whereas operating margins totaled -10.70%. Based on annual data, TOST earned $511.0 million in gross profit and brought in $2.73 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -34.80%. Return on equity (ROE) for the past 12 months was -34.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TOST’s revenue rose 30.98% to $819.0 million during the quarter, while net income inched up to $978.0 million. During the quarter, the company generated -$58.0 million in EBITDA. The liabilities of Toast Inc. were 716.0 million at the end of its most recent quarter, and its total debt was $33.0 million. The value of shareholders’ equity is $535.63 million.
Technical Picture
This quick technical analysis looks at Toast Inc.’s (TOST) price momentum. With a historical volatility rate of 24.79%, the RSI 9-day stood at 54.01% on 31 August.
With respect to its five-day moving average, the current Toast Inc. price is up by +5.67% percent or $1.19. At present, TOST shares trade +7.26% above its 20-day simple moving average and +28.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.13% above its SMA50 and +8.25% above its SMA200.
Stochastic coefficient K was 35.98% and Stochastic coefficient D was 27.47%, while ATR was 0.86. Given the Stochastic reading of 42.65% for the 14-day period, the RSI (14) reading has been calculated as 51.32%. As of today, the MACD Oscillator reading stands at 0.45, while the 14-day reading stands at -0.04.
Analyst Ratings
Jefferies launched its rating on Toast Inc. (NYSE: TOST) to a Buy in a note to investors on July 11, 2023. Toast Inc. (TOST) has been rated Overweight by analysts. According to 1 brokerage firm, TOST is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Toast Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $26.00, the current consensus forecast for the stock is $19.00 – $31.00. Based on these forecasts, analysts predict Toast Inc. (TOST) will achieve an average price target of $25.63.
