Better Times Ahead For Fastenal Co. (NASDAQ: FAST)?

Fastenal Co. (FAST) concluded trading on Thursday at a closing price of $69.26, with 2.66 million shares of worth about $183.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.10% during that period and on Thursday the price saw a loss of about -0.29%. Currently the company’s common shares owned by public are about 571.98M shares, out of which, 570.26M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 19 times over the past 12 months. They bought 146,316 shares in 10 of the transactions. In 9 selling transactions, insiders dumped 144,335 shares.

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However, the stock later moved at a day high price of 69.71, or with a loss of -0.29%. Stock saw a price change of -0.83% in past 5 days and over the past one month there was a price change of 10.76%. Year-to-date (YTD), FAST shares are showing a performance of 6.93% which increased to 30.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.99 but also hit the highest price of $70.95 during that period. The average intraday trading volume for Fastenal Co. shares is 3.75 million. The stock is currently trading 2.22% above its 20-day simple moving average (SMA20), while that difference is up 6.82% for SMA50 and it goes to 18.42% higher than SMA200.

Fastenal Co. (NASDAQ: FAST) currently have 571.98M outstanding shares and institutions hold larger chunk of about 81.77% of that.

The stock has a current market capitalization of $39.58B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 34.36, while it has posted earnings per share of $2.02 in the same period. Its PEG reads 5.43 and has Quick Ratio of 2.27 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FAST, volatility over the week remained 1.45% while standing at 1.73% over the month.

Analysts are in expectations that Fastenal Co. (FAST) stock would likely to be making an EPS of $Direxion Financial Bull 3X Shar in the current quarter, while forecast for next quarter EPS is $90.19 and it is $ETF for next year. For the current quarter EPS, analysts have given the company a lowest target $Fastenal Company which is $FAT Brands Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Carrols Restaurant Group, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.55% while it is estimated to increase by 8.56% in next year. EPS is likely to shrink at an annualized rate of 6.33% for next 5-years, compared to annual growth of 9.01% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on September 15, 2023 offering a Hold rating for the stock and assigned a target price of $59 to it.

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