Overall market sentiment has been down on Toast Inc (TOST) stock lately. TOST receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Toast Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TOST!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With TOST Stock Today?
Toast Inc (TOST) stock is trading at $16.63 as of 11:36 AM on Monday, Oct 3, a loss of -$0.09, or -0.54% from the previous closing price of $16.72. The stock has traded between $16.35 and $17.20 so far today. Volume today is light. So far 1,473,615 shares have traded compared to average volume of 4,870,356 shares.
More About Toast Inc
Toast is a U.S.-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 68,000 restaurant locations across the United States at the end of the second quarter of 2022. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $57 billion in gross platform volume in 2021. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, and loyalty programs.
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