Fastenal Co (FAST) concluded trading on Wednesday at a closing price of $83.57, with 6.59 million shares of worth about $551.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.14% during that period and on November 06, 2024 the price saw a gain of about 7.02%. Currently the company’s common shares owned by public are about 571.98M shares, out of which, 571.72M shares are available for trading.
Stock saw a price change of 6.68% in past 5 days and over the past one month there was a price change of 19.10%. Year-to-date (YTD), FAST shares are showing a performance of 29.03% which increased to 43.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $57.87 but also hit the highest price of $79.04 during that period. The average intraday trading volume for Fastenal Co shares is 2.45 million. The stock is currently trading 8.26% above its 20-day simple moving average (SMA20), while that difference is up 15.02% for SMA50 and it goes to 19.68% higher than SMA200.
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Fastenal Co (NASDAQ: FAST) currently have 571.98M outstanding shares and institutions hold larger chunk of about 82.69% of that.
The stock has a current market capitalization of $47.88B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 41.53, while it has posted earnings per share of $2.01 in the same period. Its PEG reads 5.33 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 2.04% while standing at 2.05% over the month.
Stock’s fiscal year EPS is expected to rise by 0.69% while it is estimated to increase by 7.86% in next year. EPS is likely to shrink at an annualized rate of 7.79% 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 BofA Securities on October 07, 2024 offering a Buy rating for the stock and assigned a target price of $85 to it. Coverage by Morgan Stanley stated Fastenal Co (FAST) stock as an Equal-weight in their note to investors on September 06, 2024, suggesting a price target of $72 for the stock. On September 15, 2023, HSBC Securities Initiated their recommendations, while on July 13, 2023, Stephens Downgrade their ratings for the stock with a price target of $60. Stock get a Buy rating from Stifel on April 04, 2023.
