Are You Looking To Buy Fastenal Company (FAST)? First, Read This

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MNDY Stock
MNDY Stock

Fastenal Company (NASDAQ:FAST) finished Thursday with an addition of $0.2 to close at $47.59, an upside of 0.42 percent. An average of 4,411,580 shares of common stock have been traded in the last five days. There was a gain of $0.36 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 3,319,040 shares traded, while the 50-day average volume stands at 3,143,460.

FAST stock has decreased by -9.85% in the last month. The company shares reached their 1-month lowest point of $46.44 on 09/16/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $45.68 and a high of $64.75 in 52 weeks. It has reached a new high 1 time so far this year and lost -25.71% or -$16.47 in price. In spite of this, the price is down -26.50% from the 52-week high.


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Insider Transactions

39 days have passed since Fastenal Company (FAST) last reported insider trading activity. Miller Charles S., who is SENIOR EXECUTIVE VP, most recently acquired $23,136 shares at $55.90 per share on Aug 15. In this transaction, the insider spent $1,293,235. Executive Vice-President, Drazkowski William Joseph, disposed of 6,630 shares at a price of $62.99 on Dec 07. The insider now owns more than $417,622 worth of shares. Prior to that, Executive Vice President Jansen James C went on to Sale 25,000 shares at $62.02 each on Dec 06. An amount of $1,550,608 was transacted.

Valuation Metrics

Fastenal Company (FAST) has a trailing price-to-earnings (P/E) ratio of 26.65. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.15, the price-to-book (PB) ratio at 8.62.

The company has a payout ratio of 65.80%. The company’s most recent quarterly dividend payment was $0.31 a share, without any change from last year. Its latest increase dividend $0.03 reported on Tuesday January 18 2022.

Financial Health

The quick ratio of Fastenal Company for the three months ended June 29 was 1.80, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.16 for the quarter ending June 29. Its gross profit as reported stood at $2.78 billion compared to revenue of $6.01 billion.

Earnings Surprise

For the three-month period that ended June 29, Fastenal Company had $310.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $287.1 million in the quarter, while revenues of $269.6 million were grew 16.51%. The analyst consensus anticipated Fastenal Company’s latest quarter earnings to come in at $0.5 per share, but it turned out to be $0.5, a 0.00% surprise. For the quarter, EBITDA amounted to $427.3 million. Shareholders own equity worth $574.68 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Fastenal Company (FAST) price momentum. RSI 9-day as of the close on 22 September was 33.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.91%.

As of today, FAST’s price is $47.71 +0.76% or $0.36 from its 5-day moving average. FAST is currently trading -10.22% lower than its 20-day SMA and -13.96% lower than its 100-day SMA. However, the stock’s current price level is +1.75% above the SMA50 and -23.24% below the SMA200.

The stochastic %K and %D were 21.37% and 24.80%, respectively, and the average true range (ATR) was 1.30. With the 14-day stochastic at 21.50% and the average true range at 1.26, the RSI (14) stands at 35.47%. The stock has reached -0.47 on the 9-day MACD Oscillator while the 14-day reading was at -1.43.

Analyst Ratings

Robert W. Baird downgraded Fastenal Company (NASDAQ: FAST) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Fastenal Company (FAST) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell FAST, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is FAST’s price target for the next 12 months?

Analysts predict a range of price targets between $42.00 and $60.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Fastenal Company (FAST) stock is $49.11.

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