Toast Inc (NYSE:TOST) price on Friday, October 25, fall -1.80% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $29.49.
A look at the stock’s price movement, the close in the last trading session was $30.03, moving within a range at $29.425 and $30.405. The beta value (5-Year monthly) was 1.766. Turning to its 52-week performance, $30.70 and $13.77 were the 52-week high and 52-week low respectively. Overall, TOST moved 7.90% over the past month.
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Toast Inc’s market cap currently stands at around $16.57 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-07.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TOST is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 7 recommend TOST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TOST’s current price about 2.12% and 10.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.55, while 7-day volatility ratio is 2.87% and 3.43% in the 30-day chart. Further, Toast Inc (TOST) has a beta value of 1.77, and an average true range (ATR) of 0.96. Analysts have given the company’s stock an average 52-week price target of $29.5, forecast between a low of $17 and high of $33. Looking at the price targets, the low is 42.35% off current price level while to achieve the yearly target high, price needs to move -11.9%. Nonetheless, investors will most likely welcome a -0.03% jump to $29.5 which is the analysts’ median price.
If we refocus on Toast Inc (NYSE:TOST), historical trading data shows that trading volumes averaged 4.73 over the past 10 days and 5.37 million over the past 3 months. The company’s latest data on shares outstanding shows there are 429.00 million shares.
The 29.95% of Toast Inc’s shares are in the hands of company insiders while institutional holders own 66.12% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 34.26 million on 2024-09-30, giving us a short ratio of 6.59. The data shows that as of 2024-09-30 short interest in Toast Inc (TOST) stood at 757.0 of shares outstanding, with shares short falling to 37.55 million registered in 2024-08-30. Current price change has pushed the stock 61.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TOST stock continues to rise going into the next quarter.
