Would It Be A Good Move Today To Buy Fastenal Company (FAST) Stock?

As of Friday close, Fastenal Company’s (NASDAQ:FAST) stock was up $0.46, moving up 0.88 percent to $52.69. The average number of shares traded per day over the past five days has been 3,972,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.47 fall in that time frame. In the last twenty days, the average volume was 3,733,905, while in the previous 50 days, it was 3,615,758.


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Since last month, FAST stock retreated -10.66%. Shares of the company fell to $50.35 on 05/12/22, the lowest level in the past month. A 52-week high of $64.75 was reached on 01/03/22 after having rallying from a 52-week low of $48.84. Since the beginning of this year, FAST’s stock price has dropped by -17.75% or -$11.37, and marked a new high 1 time. However, the stock has declined by -18.62% since its 52-week high.

Fastenal Company (FAST) last reported insider trading activity 3 days ago on May 11. Ancius Michael J, the Director of the company, purchased of 1,000 shares for $51.00 on May 11. It resulted in a $51,000 investment by the insider. Ancius Michael J added 400 shares at an average price of $53.00 on May 06. The insider now owns 26,587 shares following the transaction. On May 05, Director Ancius Michael J bought 235 shares at $54.65 apiece. The transaction was valued at $12,844.

Valuation Metrics

Right now, Fastenal Company (FAST) has a P/E ratio of about 30.92. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 4.91, the price-to-book (PB) ratio of 9.65.

The latest dividend of $0.31 per share was paid out, remained unchanged from last year’s $0.31. On Tuesday January 18 2022, a $0.03 dividend increase was announced.

Financial Health

In the three months ended March 30, Fastenal Company’s quick ratio stood at 1.90, while its current ratio was 4.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.11, and the total debt-to-equity ratio was 0.12. On the profitability front, the trailing twelve-month gross margin is 46.50% percent. In the year ended March 30, operating margins totaled 20.60%. Based on annual data, FAST earned $2.78 billion in gross profit and brought in $6.01 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 27.20%. Return on equity (ROE) for the past 12 months was 32.70%.

In Fastenal Company’s quarter-end financial report for March 30, it reported total debt of $330.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FAST’s revenue rose 16.85% to $1.53 billion during the quarter, while net income inched up to $1.7 billion. While analysts expected Fastenal Company to report $0.45 quarterly earnings, the actual figure was $0.47 per share, beating the consensus estimate by 4.40%. During the quarter, the company generated $401.9 million in EBITDA. The liabilities of Fastenal Company were 1.32 billion at the end of its most recent quarter ended March 30, and its total debt was $615.9 million. The value of shareholders’ equity is $575.61 million.

Technical Picture

This quick technical analysis looks at Fastenal Company’s (FAST) price momentum. With a historical volatility rate of 45.35%, the RSI 9-day stood at 41.26% on 13 May.

With respect to its five-day moving average, the current Fastenal Company price is down by -0.88% percent or -$0.47. At present, FAST shares trade -5.93% below its 20-day simple moving average and -14.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.87% below its SMA50 and -3.94% below its SMA200.

Stochastic coefficient K was 19.73% and Stochastic coefficient D was 12.16%, while ATR was 1.79. Given the Stochastic reading of 31.86% for the 14-day period, the RSI (14) reading has been calculated as 41.50%. As of today, the MACD Oscillator reading stands at -1.49, while the 14-day reading stands at -2.41.

Analyst Ratings

Wells Fargo upgraded its rating on Fastenal Company (NASDAQ: FAST) to an Equal weight in a note to investors on March 08, 2022. The analysts firm previously had an Underweight rating on the stock.Fastenal Company (FAST) has been rated Hold by analysts. According to 3 brokerage firms, FAST is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Fastenal Company stock as buy, with 2 recommending it as overweight.

With a median target price of $60.50, the current consensus forecast for the stock is $50.00 – $70.00. Based on these forecasts, analysts predict Fastenal Company (FAST) will achieve an average price target of $59.10.

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