Fastenal Company (FAST): What is the Risk Factor?


Fastenal Company (NASDAQ:FAST) saw an upside of 1.20% to close Tuesday at $49.58 after adding $0.59 on the day. The 5-day average trading volume is 5,529,700 shares of the company’s common stock. It has gained $49.65 in the past week and touched a new high 4 times within the past 5 days. An average of 3,569,240 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,473,166.

FAST’s 1-month performance is 3.42% or $1.82 on its low of $45.70 reached on 01/19/23. The company’s shares have touched a 52-week low of $43.73 and high of $60.74, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, FAST has achieved 4.78% or $2.26 and has reached a new high 7 times. However, the current price is down -18.37% from the 52-week high price.

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Insider Transactions

FAST stock investors last saw insider trading activity on Nov 29.Miller Charles S. (SENIOR EXECUTIVE VP) most recently sold 23,136 shares at $55.90 per share on Aug 15. This transaction cost the insider $1,293,235.

Valuation Metrics

FAST stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.89 while the price-to-book (PB) in the most recent quarter is 8.98.

Fastenal Company’s quick ratio for the period ended December 30 was 1.90, with the current ratio over the same period at 4.00. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.13, while the total debt to equity was 0.18.. In terms of profitability, the gross margin trailing 12 months is 46.10%. The firm’s gross profit as reported stood at $2.78 billion against revenue of $6.01 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 14.44% to $284.6 million, while revenue of $287.1 million was -0.88% off the previous quarter. Analysts expected FAST to announce $0.42 per share in earnings in its latest quarter, but it posted $0.43, representing a 2.40% surprise. EBITDA for the quarter stood at more than $423.3 million. FAST stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 1.47 billion, with total debt at $802.1 million. Shareholders hold equity totaling $572.76 million.

Let’s look briefly at Fastenal Company (FAST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 61.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.77%.

The stock’s 5-day moving average is $48.38, reflecting a +2.82% or $1.36 change from its current price. FAST is currently trading +3.96% above its 20-day SMA, -1.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.43% and SMA200 by-16.99%.

Stochastic %K and %D was 91.59% and 71.99% and the average true range (ATR) pointed at 1.36. The RSI (14) points at 56.59%, while the 14-day stochastic is at 98.10% with the period’s ATR at 1.30. The stock’s 9-day MACD Oscillator is pointing at 0.63 and 0.95 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for FAST stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate FAST as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $42.00 and a high of $56.00, with their median price target at $50.50. Looking at these predictions, the average price target given by analysts is for Fastenal Company (FAST) stock is $50.53.


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