Hitting the public markets in September 2021 was probably poor timing for Toast (NYSE: TOST). Shares were up in the first few weeks following the initial public offering (IPO). However, they have cratered since then.

Shares of this software-as-a-service business currently trade 62% off their all-time high, now at a compelling price-to-sales ratio of 3.1. This might be all the convincing that investors need to buy the stock. But before you do, here are three must-know facts about Toast you can't ignore.

Toast offers point-of-sale hardware devices as well as a wide range of cloud-based software and financial services that cater strictly to the needs of the restaurant industry. Offerings include payment services, marketing, payroll, team management, and the ability to seamlessly handle multiple ordering channels.

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Source Fool.com