Toast Inc. [TOST] Stock trading around $14.39 per share: What’s Next?


Toast Inc. [NYSE: TOST] stock went on an upward path that rose over 2.57% on Tuesday, amounting to a one-week price increase of more than 2.79%. The company report on July 7, 2022 that Toast Acquires Sling to Expand its Team Management Suite With Employee Scheduling and Communications.

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Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today announced that it has acquired Sling, a leading employee scheduling, communication and management solution. Through features including scheduling templates, in-app messaging and multi-location team management, Sling helps restaurants staff more efficiently and better manage labor costs, and helps increase employee job satisfaction.

The addition of Sling adds to Toast’s growing suite of Toast Payroll & Team Management products, including Toast Payroll, Toast Tips Manager and Toast Pay Card & PayOut. Through its Team Management Suite, Toast can empower restaurants to simplify scheduling and communication across their team, control their labor costs, and pay employees faster through one integrated platform.

The one-year Toast Inc. stock forecast points to a potential upside of 35.93. The average equity rating for TOST stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $7.56 billion, with 505.38 million shares outstanding. Compared to the average trading volume of 6.32M shares, TOST stock reached a trading volume of 5483395 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Toast Inc. [TOST]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TOST shares is $22.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TOST stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Toast Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 05, 2022. While these analysts kept the previous recommendation, MoffettNathanson raised their target price to Sell. The new note on the price target was released on April 05, 2022, representing the official price target for Toast Inc. stock. Previously, the target price had yet another raise to $22, while Credit Suisse analysts kept a Neutral rating on TOST stock.

The Average True Range (ATR) for Toast Inc. is set at 1.12, with the Price to Sales ratio for TOST stock in the period of the last 12 months amounting to 3.86. The Price to Book ratio for the last quarter was 6.37, with the Price to Cash per share for the same quarter was set at 2.30.

TOST Stock Performance Analysis:

Toast Inc. [TOST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.79. With this latest performance, TOST shares dropped by -9.72% in over the last four-week period, additionally sinking by -49.33% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TOST stock in for the last two-week period is set at 48.95, with the RSI for the last a single of trading hit 51.43, and the three-weeks RSI is set at 47.25 for Toast Inc. [TOST]. The present Moving Average for the last 50 days of trading for this stock 14.98, while it was recorded at 14.37 for the last single week of trading, and 28.75 for the last 200 days.

Insight into Toast Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Toast Inc. [TOST] shares currently have an operating margin of -13.08 and a Gross Margin at +18.01. Toast Inc.’s Net Margin is presently recorded at -28.56.

Return on Equity for this stock declined to -157.09, with Return on Assets sitting at -38.79.

Toast Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 3.70.

Toast Inc. [TOST] Insider Position Details

There are presently around $2,310 million, or 61.30% of TOST stock, in the hands of institutional investors. The top three institutional holders of TOST stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 40,644,272, which is approximately 47.616% of the company’s market cap and around 2.90% of the total institutional ownership; HMI CAPITAL MANAGEMENT, L.P., holding 13,273,636 shares of the stock with an approximate value of $186.23 million in TOST stocks shares; and TIGER GLOBAL MANAGEMENT LLC, currently with $177.79 million in TOST stock with ownership of nearly 181.61% of the company’s market capitalization.

Positions in Toast Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 137 institutional holders increased their position in Toast Inc. [NYSE:TOST] by around 65,782,531 shares. Additionally, 70 investors decreased positions by around 32,898,936 shares, while 19 investors held positions by with 65,932,248 shares. The mentioned changes placed institutional holdings at 164,613,715 shares, according to the latest SEC report filing. TOST stock had 68 new institutional investments in for a total of 9,577,982 shares, while 44 institutional investors sold positions of 20,656,879 shares during the same period.