An analyst sees good growth prospects for Toast Inc (TOST)

With 6.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.85 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $24.97 whereas the lowest price it dropped to was $23.56. The 52-week range on TOST shows that it touched its highest point at $27.00 and its lowest point at $13.77 during that stretch. It currently has a 1-year price target of $24.00. Beta for the stock currently stands at 1.80.

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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 2.23%, but this was up by 5.78% over a month. Three-month performance surged to 28.59% while six-month performance rose 30.81%. The stock gained 44.39% in the past year, while it has gained 33.24% so far this year. A look at the trailing 12-month EPS for TOST yields -0.46 with Next year EPS estimates of 0.61. For the next quarter, that number is 0.05. This implies an EPS growth rate of 314.01% for this year and 61.91% for next year. EPS is expected to decline by -14.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.90%.

Float and Shares Shorts:

At present, 429.00 million TOST shares are outstanding with a float of 359.97 million shares on hand for trading. On Mar 15, 2024, short shares totaled 26.9 million, which was 4.91% higher than short shares on Feb 15, 2024. In addition to Mr. Aman Narang as the firm’s Co-Founder, CEO & Director, Mr. Stephen Fredette serves as its Co-Founder, President & Director.

Institutional Ownership:

Through their ownership of 83.21% of TOST’s outstanding shares, institutional investors have majority control over the company.

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.