While Toast Inc has overperformed by 2.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TOST rose by 68.62%, with highs and lows ranging from $29.92 to $13.77, whereas the simple moving average jumped by 22.86% in the last 200 days.
On September 27, 2024, Cleveland Research started tracking Toast Inc (NYSE: TOST) recommending Buy. A report published by Mizuho on July 18, 2024, Upgraded its rating to ‘Outperform’ for TOST. Wedbush also rated TOST shares as ‘Outperform’, setting a target price of $30 on the company’s shares in an initiating report dated May 24, 2024. Keefe Bruyette initiated its ‘Mkt Perform’ rating for TOST, as published in its report on April 09, 2024. Exane BNP Paribas’s report from March 07, 2024 suggests a price prediction of $30 for TOST shares, giving the stock a ‘Outperform’ rating. Evercore ISI also rated the stock as ‘Outperform’.
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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.
Toast Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and TOST has an average volume of 5.82M. On a monthly basis, the volatility of the stock is set at 3.61%, whereas on a weekly basis, it is put at 3.14%, with a gain of 0.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $28.29, showing decline from the present price of $28.80, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 29.99%. 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 65.54% 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 65.54% at present.
