Fastenal Co (NASDAQ:FAST) shares, rose in value on Wednesday, January 22, with the stock price down by -0.64% to the previous day’s close as strong demand from buyers drove the stock to $75.60.
Actively observing the price movement in the last trading, the stock closed the session at $76.09, falling within a range of $75.58 and $76.625. The value of beta (5-year monthly) was 0.979 whereas the PE ratio was 37.73 over 12-month period. Referring to stock’s 52-week performance, its high was $84.88, and the low was $61.36. On the whole, FAST has fluctuated by 1.27% over the past month.
With the market capitalization of Fastenal Co currently standing at about $43.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.56, with its dividend yield at 2.06%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.05B, with a low estimate of 1.93B and a high estimate of 1.97B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.94B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FAST’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.78, with the price of FAST currently trading nearly 2.80% and -3.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.78, while the 7-day volatility ratio is showing 2.62% which for the 30-day chart, stands at 1.94%. Furthermore, Fastenal Co (FAST)’s beta value is 1.01, and its average true range (ATR) is 1.53.
A comparison of Fastenal Co (FAST) with its peers suggests the former has fared considerably weaker in the market. FAST showed an intraday change of -0.64% in last session, and over the past year, it grew by 9.03%%.
Data on historical trading for Fastenal Co (NASDAQ:FAST) indicates that the trading volumes over the past 10 days have averaged 3.84 and over the past 3 months, they’ve averaged 2.82 million. According to company’s latest data on outstanding shares, there are 573.32 million shares outstanding.
Nearly 0.20% of Fastenal Co’s shares belong to company insiders and institutional investors own 82.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.05 million shares as on 2024-12-31, resulting in a short ratio of 4.39. According to the data, the short interest in Fastenal Co (FAST) stood at 240.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 12.03 million. The stock has risen by 5.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FAST stock heading into the next quarter.
