There Is Clear Momentum For Toast Inc (NYSE: TOST)

Toast Inc (TOST) concluded trading on Wednesday at a closing price of $26.16, with 4.94 million shares of worth about $129.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.87% during that period and on July 31, 2024 the price saw a gain of about 0.77%. Currently the company’s common shares owned by public are about 429.00M shares, out of which, 378.43M shares are available for trading.

Stock saw a price change of 5.48% in past 5 days and over the past one month there was a price change of 2.75%. Year-to-date (YTD), TOST shares are showing a performance of 43.26% which increased to 18.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.77 but also hit the highest price of $27.90 during that period. The average intraday trading volume for Toast Inc shares is 7.66 million. The stock is currently trading 1.36% above its 20-day simple moving average (SMA20), while that difference is up 4.79% for SMA50 and it goes to 24.01% higher than SMA200.

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Toast Inc (NYSE: TOST) currently have 429.00M outstanding shares and institutions hold larger chunk of about 68.02% of that.

The stock has a current market capitalization of $14.52B and its 3Y-monthly beta is at 1.76. It has posted earnings per share of -$0.46 in the same period. It has Quick Ratio of 2.06 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TOST, volatility over the week remained 3.50% while standing at 4.19% over the month.

Stock’s fiscal year EPS is expected to rise by 393.87% while it is estimated to increase by 44.30% in next year. EPS is likely to shrink at an annualized rate of -14.83% for next 5-years, compared to annual growth of -2.90% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on July 18, 2024 offering an Outperform rating for the stock and assigned a target price range of between $21 and $33 to it. Coverage by Wedbush stated Toast Inc (TOST) stock as an Outperform in their note to investors on May 24, 2024, suggesting a price target of $30 for the stock. On May 21, 2024, Robert W. Baird Downgrade their recommendations, while on April 09, 2024, Keefe Bruyette Initiated their ratings for the stock with a price target of $25. Stock get an Outperform rating from Exane BNP Paribas on March 07, 2024.

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