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Toast Inc (TOST) Is Up 57.72% in 2024 With Lots of Room to Run

Toast Inc (NYSE: TOST) is 57.72% higher on its value in year-to-date trading and has touched a low of $13.77 and a high of $29.92 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 $28.17 in the last trading session, with the day’s gains setting it 0.63%.

Currently trading at $28.80, the stock is 5.19% and 12.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.59 million and changing 2.24% at the moment leaves the stock 22.86% off its SMA200. TOST registered 68.62% gain for a year compared to 6-month loss of 21.52%. The firm has a 50-day simple moving average (SMA 50) of $25.5162 and a 200-day simple moving average (SMA200) of $23.44105.

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The stock witnessed a 21.93% gain in the last 1 month and extending the period to 3 months gives it a 20.70%, and is 0.84% 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 3.14% over the week and 3.61% over the month.

Toast Inc (TOST) has around 5500 employees, a market worth around $16.19B and $4.38B in sales. Fwd P/E is 39.69. Profit margin for the company is -3.10%. Distance from 52-week low is 109.23% and -3.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.37%).

with sales reaching $1.29B over the same period.The EPS is expected to grow by 434.82% this year, but quarterly earnings will post 26.70% year-over-year. Quarterly sales are estimated to grow 25.20% in year-over-year returns.

Toast Inc (TOST) Top Institutional Holders

683.0 institutions hold shares in Toast Inc (TOST), with institutional investors hold 95.57% of the company’s shares. The shares outstanding are 429.00M, and float is at 393.46M with Short Float at 9.69%. Institutions hold 85.25% 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

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Toast Inc disclosed in a document filed with the SEC on Oct 02 ’24 that Gomez Elena (Chief Financial Officer) sold a total of 18,650 shares of the company’s common stock. The trade occurred on Oct 02 ’24 and was made at $27.77 per share for $0.52 million. Following the transaction, the insider now directly holds 0.19 million shares of the TOST stock.

Still, SEC filings show that on Oct 01 ’24, Gomez Elena (Chief Financial Officer) disposed off 12,500 shares at an average price of $28.41 for $0.36 million. The insider now directly holds 207,518 shares of Toast Inc (TOST).

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