TOST Stock Summary and Trading Ideas (Toast Class A | NYSE:TOST)

Toast is a us-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 120,000 restaurant locations across the United States at the end of June 2024. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, from loan origination and servicing fees from its Toast Capital arm, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $126 billion in gross platform volume in 2023. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.

Toast Class A trades on the NYSE stock market under the symbol TOST.

As of October 4, 2024, TOST stock price climbed to $28.77 with 3,794,236 million shares trading.

TOST has a beta of 1.63, meaning it tends to be more sensitive to market movements. TOST has a correlation of 0.16 to the broad based SPY ETF.

TOST has a market cap of $16.17 billion. This is considered a Large Cap stock.

Last quarter Toast Class A reported $1 billion in Revenue and $.02 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.04.

In the last 3 years, TOST traded as high as $69.93 and as low as $11.91.

The top ETF exchange traded funds that TOST belongs to (by Net Assets): VTI, VB, VXF, VBK, IWP.

TOST has outperformed the market in the last year with a price return of +65.2% while the SPY ETF gained +36.6%. TOST has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.7% and +3.8%, respectively, while the SPY returned +4.2% and +0.8%, respectively.

TOST support price is $27.05 and resistance is $28.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TOST shares will trade within this expected range on the day.