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Toast Inc (TOST) – Don’t Be So Quick to Call it Dead

Toast Inc (NYSE: TOST) is 32.09% higher on its value in year-to-date trading and has touched a low of $13.77 and a high of $27.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TOST stock was last observed hovering at around $24.12 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $24.12, the stock is -0.25% and -3.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.42 million and changing 0.00% at the moment leaves the stock 9.25% off its SMA200. TOST registered 11.31% gain for a year compared to 6-month loss of -3.05%.

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The stock witnessed a -0.29% gain in the last 1 month and extending the period to 3 months gives it a 7.20%, and is 1.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.24% over the week and 3.88% over the month.

Toast Inc (TOST) has around 5500 employees, a market worth around $13.56B and $4.38B in sales. Fwd P/E is 32.79. Profit margin for the company is -3.10%. Distance from 52-week low is 75.23% and -13.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.37%).

The EPS is expected to grow by 431.52% this year

682.0 institutions hold shares in Toast Inc (TOST), with institutional investors hold 94.15% of the company’s shares. The shares outstanding are 429.00M, and float is at 391.38M with Short Float at 8.56%. Institutions hold 83.72% of the Float.

The top institutional shareholder in the company is CAPITAL INTERNATIONAL INVESTORS with over 38.2 million shares valued at $984.47 million. The investor’s holdings represent 6.9841 of the TOST Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 37.73 million shares valued at $972.26 million to account for 6.8974 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 28.34 million shares representing 5.181 and valued at over $730.33 million, while BLACKROCK INC. holds 4.4691 of the shares totaling 24.45 million with a market value of $629.98 million.

Toast Inc (TOST) Insider Activity

The most recent transaction is an insider sale by Comparato Christopher P, the company’s Director. SEC filings show that Comparato Christopher P sold 100,000 shares of the company’s common stock on Aug 20 ’24 at a price of $24.35 per share for a total of $2.43 million. Following the sale, the insider now owns 0.12 million shares.

Still, SEC filings show that on Aug 02 ’24, Vassil Jonathan (Chief Revenue Officer) disposed off 1,541 shares at an average price of $24.00 for $36986.0. The insider now directly holds 33,312 shares of Toast Inc (TOST).

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