Toast Inc [NYSE: TOST] gained 3.79% or 0.73 points to close at $20.01 with a heavy trading volume of 12619060 shares. The company report on February 7, 2024 at 8:00 AM that Toast Restaurant Technology Selected by Choice Hotels as Brand Standard for Two Upscale Brands.
Toast technology streamlines operations for hotel owners and digitalizes guest experience to drive food and beverage sales through ease of use.
Toast (NYSE: TOST), the digital technology platform built for restaurants, today announced an innovative collaboration with Choice Hotels International (NYSE: CHH) to make its Toast for Hotel Restaurants technology a brand standard for two of Choice’s upscale brands, Cambria Hotels and Radisson. Toast is also a Qualified Vendor for Choice’s other brands. Cambria and Radisson will implement Toast technology as a brand standard by summer 2025 for Cambria and by the beginning of 2026 for Radisson properties. This collaboration is designed to help owners accelerate growth in their food and beverage programs and digitalize the guest experience for on-site dining.
The daily chart for TOST points out that the company has recorded -17.01% loss over the past six months.
If we look at the average trading volume of 1.44 shares, TOST reached to a volume of 12619060 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $19.90 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 2.20. 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.
Redburn Atlantic have made an estimate for Toast Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 07, 2024.
The Average True Range (ATR) for Toast Inc is set at 0.81, with the Price to Sales ratio for TOST stock in the period of the last 12 months amounting to 3.00. The Price to Book ratio for the last quarter was 9.38, with the Price to Cash per share for the same quarter was set at 1.91. Price to Free Cash Flow for TOST in the course of the last twelve months was 633.91 with Quick ratio for the last quarter at 2.29.
Trading performance analysis for TOST stock
Toast Inc [TOST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.34. With this latest performance, TOST shares gained by 7.23% in over the last four-week period, additionally sinking by -17.01% over the last 6 months – not to mention a drop of -12.35% in the past year of trading.
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 65.21, with the RSI for the last a single of trading hit 70.12, and the three-weeks RSI is set at 62.10 for Toast Inc [TOST]. The present Moving Average for the last 50 days of trading for this stock 17.50, while it was recorded at 19.21 for the last single week of trading, and 19.32 for the last 200 days.
Toast Inc [TOST]: A deeper dive into fundamental analysis
Toast Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.29 and a Current Ratio set at 2.48.
Toast Inc [TOST]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Toast Inc posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -35.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TOST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Toast Inc go to -5.78%.
An analysis of Institutional ownership at Toast Inc [TOST]
The top three institutional holders of TOST stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TOST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TOST stock with ownership which is approximately 5.8325%.