On Monday, Fastenal Co. (NASDAQ: FAST) opened lower -1.50% from the last session, before settling in for the closing price of $70.45. Price fluctuations for FAST have ranged from $49.99 to $79.04 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Industrials Sector giant was 8.22%. Company’s average yearly earnings per share was noted 4.87% at the time writing. With a float of $571.27 million, this company’s outstanding shares have now reached $571.98 million.
Let’s determine the extent of company efficiency that accounts for 23201 employees.
Fastenal Co. (FAST) Insider Activity
A key investor’s attitude towards the stock of the Industrial Distribution industry is another important factor to consider. The insider ownership of Fastenal Co. is 0.20%, while institutional ownership is 83.98%. The most recent insider transaction that took place on Mar 15 ’24, was worth 832,453. In this transaction SENIOR EXECUTIVE VP of this company sold 11,076 shares at a rate of $75.16, taking the stock ownership to the 0 shares. Before that another transaction happened on Feb 20 ’24, when Company’s CHIEF SALES OFFICER sold 19,420 for $70.25, making the entire transaction worth $1,364,208. This insider now owns 5,940 shares in total.
Fastenal Co. (FAST) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 13.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.33% during the next five years compared to 9.01% growth over the previous five years of trading.
Fastenal Co. (NASDAQ: FAST) Trading Performance Indicators
Check out the current performance indicators for Fastenal Co. (FAST). In the past quarter, the stock posted a quick ratio of 2.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.38. Likewise, its price to free cash flow for the trailing twelve months is 33.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.02, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.30 in one year’s time.
Technical Analysis of Fastenal Co. (FAST)
Looking closely at Fastenal Co. (NASDAQ: FAST), its last 5-days average volume was 6.42 million, which is a jump from its year-to-date volume of 4.07 million. As of the previous 9 days, the stock’s Stochastic %D was 8.12%. Additionally, its Average True Range was 1.61.
During the past 100 days, Fastenal Co.’s (FAST) raw stochastic average was set at 50.70%, which indicates a significant increase from 3.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.94% in the past 14 days, which was higher than the 22.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.59, while its 200-day Moving Average is $63.11. However, in the short run, Fastenal Co.’s stock first resistance to watch stands at $70.87. Second resistance stands at $72.35. The third major resistance level sits at $73.24. If the price goes on to break the first support level at $68.51, it is likely to go to the next support level at $67.62. Should the price break the second support level, the third support level stands at $66.14.
Fastenal Co. (NASDAQ: FAST) Key Stats
There are currently 572,233K shares outstanding in the company with a market cap of 39.72 billion. Presently, the company’s annual sales total 7,347 M according to its annual income of 1,155 M. Last quarter, the company’s sales amounted to 1,759 M and its income totaled 266,400 K.
