Fastenal Co. (FAST) concluded trading on Thursday at a closing price of $69.06, with 3.18 million shares of worth about $219.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.32% during that period and on July 25, 2024 the price saw a gain of about 2.60%. Currently the company’s common shares owned by public are about 571.98M shares, out of which, 571.50M shares are available for trading.
Stock saw a price change of 0.33% in past 5 days and over the past one month there was a price change of 7.19%. Year-to-date (YTD), FAST shares are showing a performance of 6.62% which increased to 18.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $53.49 but also hit the highest price of $79.04 during that period. The average intraday trading volume for Fastenal Co. shares is 3.32 million. The stock is currently trading 5.77% above its 20-day simple moving average (SMA20), while that difference is up 5.87% for SMA50 and it goes to 4.30% higher than SMA200.
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Fastenal Co. (NASDAQ: FAST) currently have 571.98M outstanding shares and institutions hold larger chunk of about 83.04% of that.
The stock has a current market capitalization of $39.55B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 34.38, while it has posted earnings per share of $2.01 in the same period. Its PEG reads 5.43 and has Quick Ratio of 2.29 while making debt-to-equity ratio of 0.15. 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 1.90% while standing at 2.15% over the month.
Stock’s fiscal year EPS is expected to rise by 1.36% while it is estimated to increase by 7.86% 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. Coverage by Stephens stated Fastenal Co. (FAST) stock as an Equal-weight in their note to investors on July 13, 2023, suggesting a price target of $60 for the stock. On April 04, 2023, Stifel Initiated their recommendations, while on October 17, 2022, Jefferies Resumed their ratings for the stock with a price target of $50. Stock get a Neutral rating from Robert W. Baird on July 14, 2022.
