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Wednesday, February 8, 2023

Are Things Looking Up For Toast Inc. (NYSE: TOST)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Toast Inc. (TOST) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.18, or -0.92%, to $19.37. The Toast Inc. has recorded 29,174 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Toast Announces Participation at Upcoming Investor Conference.

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Stocks Info

The company is listed on the NYSE and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $19.55 and fluctuated between $19.70 as its day high and $18.74 as its day low. The current market capitalization of Toast Inc. is $10.09B. A total of 2.0 million shares were traded on the day, compared to an average of 5.74M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TOST has seen 21 BUY and 26 SELL insider trades, representing the acquisition of 8,434,283 and the disposition of 8,914,442 shares. Over the last 12 months, there were 80 BUYs and 92 SELLs from insiders. Insiders purchased 43,600,940 shares during that period but sold 39,242,164.

In the most recent transaction, Narang Aman sold 541 shares of TOST for 18.05 per share on Jan 04. After the transaction, the COO & Co-President now owns 1,962,788 company shares. In a previous transaction on Jan 04, Fredette Stephen sold 541 shares at 18.05 per share. TOST shares that Co-President owns now total 3,791,755.

Among the insiders who sold shares, Gomez Elena disposed of 8,626 shares on Jan 04 at a per-share price of $18.05. This resulted in the Chief Financial Officer holding 101,843 shares of TOST after the transaction. In another insider transaction, Comparato Christopher P sold 1,082 shares at $18.05 per share on Jan 04. Company shares held by the Chief Executive Officer now total 204,396.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TOST in the last 3 months, the mean price target is $24.53 with high estimates of $32.00 and low estimates of $18.00. In terms of 52-week highs and lows, TOST has a high of $30.94 and a low of $11.91.

As of this writing, TOST has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.18. The company reported an EPS of -$0.09 in the last quarter, which was 30.80% higher than expectations of -$0.13.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 20 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TOST is Sell with a score of 3.93. A total of 10 analysts rated the stock as Buy while 2 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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