Toast Inc (NYSE:TOST) shares, rose in value on Thursday, April 04, with the stock price up by 4.08% to the previous day’s close as strong demand from buyers drove the stock to $24.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $23.27. The value of beta (5-year monthly) is 1.78. Referring to stock’s 52-week performance, its high was $27.00, and the low was $13.77. On the whole, TOST has fluctuated by 1.85% over the past month.
With the market capitalization of Toast Inc currently standing at about $13.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024 – May 21, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.13, which is expected to increase to $0 for fiscal year -$0.19 and then to about $0.11 by fiscal year 2025. Data indicates that the EPS growth is expected to be 58.70% in 2025, while the next year’s EPS growth is forecast to be 157.90%.
Analysts have estimated the company’s revenue for the quarter at $1.04 billion, with a low estimate of $993.7 million and a high estimate of $1.11 billion. According to the average forecast, sales growth in current quarter could jump up 35.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.84 billion, representing an increase of 25.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that TOST’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TOST currently trading nearly 0.12% and 11.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.00, while the 7-day volatility ratio is showing 3.52% which for the 30-day chart, stands at 3.75%. Furthermore, Toast Inc (TOST)’s beta value is 1.80, and its average true range (ATR) is 0.97.
A comparison of Toast Inc (TOST) with its peers suggests the former has fared considerably weaker in the market. TOST showed an intraday change of 4.08% in today’s session so far, and over the past year, it grew by 35.61%%.
Data on historical trading for Toast Inc (NYSE:TOST) indicates that the trading volumes over the past 10 days have averaged 5.79 million and over the past 3 months, they’ve averaged 8.80 million. According to company’s latest data on outstanding shares, there are 429.00 million shares outstanding.
Nearly 34.31% of Toast Inc’s shares belong to company insiders and institutional investors own 60.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.9 million shares as on Mar 15, 2024, resulting in a short ratio of 2.59. According to the data, the short interest in Toast Inc (TOST) stood at 4.91% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 31.32 million. The stock has risen by 32.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TOST stock heading into the next quarter.
