How Does Toast Inc (TOST) Stack Up Against Its Industry Peers?

Cleveland Research has recently initiated Toast Inc (TOST) stock to Buy rating, as announced on September 27, 2024, according to Finviz. Earlier, on July 18, 2024, Mizuho had raised the stock from a Neutral to Outperform, setting a price target of $33 for TOST stock. Wedbush also initiated Outperform rating with a price target of $30. Additionally, Robert W. Baird reduced Neutral rating on May 21, 2024, with a target price of $28. Keefe Bruyette analysts, in their report published on April 9, 2024, also initiated Mkt Perform rating and set a price target of $25 for Toast Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.


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Toast Inc (TOST) Stock Trading Recap

On Wednesday, Toast Inc (TOST) stock saw a modest uptick, ending the day at $30.15 which represents a slight increase of $0.11 or 0.37% from the prior close of $30.04. The stock opened at $30.08 and touched a low of $29.92 during the day, reaching a high of $30.56. The volume of shares traded was 3.22 million falling short of the average volume of 5.38 million.

TOST Stock Performance and Moving Averages

In recent trading, Toast Inc (TOST) stock price has shown some volatility, fluctuating 3.08% over the last five trades and 5.57% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 31.09%, and it has gained 19.41% in the previous three months. Currently, TOST is trading at 3.33%, 11.33%, and 23.91% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, TOST, a Technology sector stock, is trading -2.06% below its 52-week high but remains 119.03% above its 52-week low. The Average True Range (ATR) (14 days) of 0.94 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Toast Inc’s Profitability and Valuation Ratios

Toast Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -2.74% and a profit margin of -3.10%, with a gross margin of 31.09%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Toast Inc’s market capitalization stands at $16.94 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 40.33. Additionally, the Price-to-Sales Ratio is 3.86, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 13.16, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 29.95% of Toast Inc (TOST)’s shares, while financial institutions hold 66.16%.

Notable insider trades include Gomez Elena, Chief Financial Officer at Toast Inc (TOST), who sold 31248 shares on Oct 18 ’24, at $30.37 each, totaling $0.95 million. On Oct 18 ’24, Vassil Jonathan, Chief Revenue Officer, sold 50000 shares for $30.39 each, amounting to $1.52 million. Additionally, on Oct 18 ’24, Elworthy Brian R sold 300000 shares at $30.39 each, generating $9.12 million.

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