Investors in cash trouble should check out Toast Inc. (TOST)

Toast Inc. (NYSE: TOST) stock fell -0.19% on Thursday to $21.32 against a previous-day closing price of $21.36. With 5.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.24 million shares. The 52-week range on TOST shows that it touched its highest point at $26.03 and its lowest point at $12.15 during that stretch. It currently has a 1-year price target of $23.38.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TOST was up-trending over the past week, with a rise of 1.28%, but this was up by 19.37% over a month. Three-month performance surged to 9.56% while six-month performance rose 17.01%. The stock gained 48.36% in the past year, while it has gained 18.25% so far this year. A look at the trailing 12-month EPS for TOST yields -0.64 with Next year EPS estimates of -0.45. For the next quarter, that number is -0.14. This implies an EPS growth rate of 44.00% for this year and 18.20% for next year.

Float and Shares Shorts:

At present, 524.10 million TOST shares are outstanding with a float of 342.15 million shares on hand for trading. On May 14, 2023, short shares totaled 18.84 million, which was 3.55% higher than short shares on Apr 13, 2023. In addition to Mr. Christopher P. Comparato as the firm’s Chairman, CEO & Director, Mr. Stephen Fredette serves as its Co-Founder, Pres & Director.

Institutional Ownership:

Through their ownership of 83.64% of TOST’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.49% of TOST, in contrast to 41.70% held by mutual funds. Shares owned by individuals account for 38.33%. As the largest shareholder in TOST with 8.26% of the stake, The Vanguard Group, Inc. holds 29,475,131 shares worth 29,475,131. A second-largest stockholder of TOST, Fidelity Management & Research Co, holds 23,170,575 shares, controlling over 6.49% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in TOST, holding 16,649,728 shares or 4.66% stake. With a 3.13% stake in TOST, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 11,155,810 shares are owned by the mutual fund manager. The American Funds AMCAP Fund, which owns about 3.12% of TOST stock, is the second-largest Mutual Fund holder. It holds 11,140,082 shares valued at 202.75 million. American Funds Growth Fund of Ame holds 2.95% of the stake in TOST, owning 10,528,663 shares worth 191.62 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TOST reported revenue of $675.00M and operating income of -$99.00M. The EBITDA in the recently reported quarter was -$137.00M and diluted EPS was -$0.11.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TOST since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TOST analysts setting a high price target of $30.00 and a low target of $18.00, the average target price over the next 12 months is $23.58. Based on these targets, TOST could surge 40.71% to reach the target high and fall by -15.57% to reach the target low. Reaching the average price target will result in a growth of 10.6% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TOST stock several times over the past three months with 13 Buys and 25 Sells. In these transactions, 121,268 shares were bought while 581,152 shares were sold. The number of buy transactions has increased to 76 while that of sell transactions has risen to 124 over the past year. The total number of shares bought during that period was 17,645,374 while 29,662,643 shares were sold.

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