An analyst sees good growth prospects for Toast Inc (TOST)

With 7.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.31 million shares. The 52-week range on TOST shows that it touched its highest point at $44.12 and its lowest point at $20.57 during that stretch. It currently has a 1-year price target of $43.25. Beta for the stock currently stands at 2.00.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TOST was down-trending over the past week, with a drop of -8.17%, but this was down by -7.05% over a month. Three-month performance dropped to -12.52% while six-month performance rose 53.57%. The stock gained 79.18% in the past year, while it has gained 2.00% so far this year. A look at the trailing 12-month EPS for TOST yields -0.01 with Next year EPS estimates of 1.14. For the next quarter, that number is 0.18. This implies an EPS growth rate of 36.65% for this year and 50.39% for next year.

Float and Shares Shorts:

At present, 491.00 million TOST shares are outstanding with a float of 420.76 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TOST since 14 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.20988 being high and -$0.20165 being low. For TOST, this leads to a yearly average estimate of $0.60494. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.22.