While Toast Inc has overperformed by 5.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TOST rose by 17.26%, with highs and lows ranging from $27.90 to $13.77, whereas the simple moving average jumped by 12.28% in the last 200 days.
On July 18, 2024, Mizuho Upgraded Toast Inc (NYSE: TOST) to Outperform. A report published by Wedbush on May 24, 2024, Initiated its previous ‘Outperform’ rating for TOST. Robert W. Baird also Downgraded TOST shares as ‘Neutral’, setting a target price of $28 on the company’s shares in a report dated May 21, 2024. Keefe Bruyette Initiated an Mkt Perform rating on April 09, 2024, and assigned a price target of $25. Exane BNP Paribas March 07, 2024d its ‘Neutral’ rating to ‘Outperform’ for TOST, as published in its report on March 07, 2024. Evercore ISI’s report from March 04, 2024 suggests a price prediction of $32 for TOST shares, giving the stock a ‘Outperform’ rating. Redburn Atlantic also rated the stock as ‘Buy’.
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Analysis of Toast Inc (TOST)
Further, the quarter-over-quarter increase in sales is 26.99%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Toast Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -11.52% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.12, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and TOST is recording an average volume of 6.22M. On a monthly basis, the volatility of the stock is set at 3.77%, whereas on a weekly basis, it is put at 4.50%, with a gain of 3.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $28.07, showing growth from the present price of $25.00, which can serve as yet another indication of whether TOST is worth investing in or should be passed over.
How Do You Analyze Toast Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 30.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 72.41% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TOST shares are owned by institutional investors to the tune of 72.41% at present.
