The stock of Toast Inc (NYSE: TOST) has increased by 2.64 when compared to last closing price of 29.54.Despite this, the company has seen a gain of 6.99% in its stock price over the last five trading days. zacks.com reported 2024-10-17 that Recently, Zacks.com users have been paying close attention to Toast (TOST). This makes it worthwhile to examine what the stock has in store.
Is It Worth Investing in Toast Inc (NYSE: TOST) Right Now?
The 36-month beta value for TOST is at 1.77. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 12 as “hold,” and 1 as “sell.”
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The public float for TOST is 393.56M, and currently, shorts hold a 8.70% of that float. The average trading volume for TOST on October 21, 2024 was 5.65M shares.
TOST’s Market Performance
The stock of Toast Inc (TOST) has seen a 6.99% increase in the past week, with a 12.46% rise in the past month, and a 10.58% gain in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are at 3.52% for TOST.. The simple moving average for the past 20 days is 6.77% for TOST’s stock, with a 27.02% simple moving average for the past 200 days.
Analysts’ Opinion of TOST
Many brokerage firms have already submitted their reports for TOST stocks, with Cleveland Research repeating the rating for TOST by listing it as a “Buy.” The predicted price for TOST in the upcoming period, according to Cleveland Research is $33 based on the research report published on September 27, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see TOST reach a price target of $33, previously predicting the price at $21. The rating they have provided for TOST stocks is “Outperform” according to the report published on July 18th, 2024.
Wedbush gave a rating of “Outperform” to TOST, setting the target price at $30 in the report published on May 24th of the current year.
TOST Trading at 15.57% from the 50-Day Moving Average
After a stumble in the market that brought TOST to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.34% of gains for the given period.
Volatility was left at 3.52%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares surge +9.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.57% upper at present.
During the last 5 trading sessions, TOST rose by +6.99%, which changed the moving average for the period of 200-days by +75.87% in comparison to the 20-day moving average, which settled at $28.40. In addition, Toast Inc saw 66.05% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TOST starting from Gomez Elena, who proposed sale 31,248 shares at the price of $30.37 back on Oct 18 ’24. After this action, Gomez Elena now owns shares of Toast Inc, valued at $949,035 using the latest closing price.
Vassil Jonathan, the Officer of Toast Inc, proposed sale 50,000 shares at $30.39 during a trade that took place back on Oct 18 ’24, which means that Vassil Jonathan is holding shares at $1,519,263 based on the most recent closing price.
Stock Fundamentals for TOST
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.22 for the gross margin
The net margin for Toast Inc stands at -0.03. The total capital return value is set at -0.11. Equity return is now at value -11.52, with -6.89 for asset returns.
Based on Toast Inc (TOST), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 6.08. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -5.59.
Currently, EBITDA for the company is -240.0 million with net debt to EBITDA at 31.0. When we switch over and look at the enterprise to sales, we see a ratio of 3.74. The receivables turnover for the company is 25.64for trailing twelve months and the total asset turnover is 2.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
In conclusion, Toast Inc (TOST) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
