Fastenal Company (NASDAQ:FAST) went up by 0.20% from its latest closing price compared to the recent 1-year high of $64.75. The company’s stock price has collected -3.27% of loss in the last five trading sessions. Press Release reported on 01/05/22 that Fastenal Company Announces Conference Call to Review 2021 Annual and Fourth Quarter Earnings
Is It Worth Investing in Fastenal Company (NASDAQ :FAST) Right Now?
Fastenal Company (NASDAQ:FAST) scored a price-to-earnings ratio above its average ratio, recording 39.07 x from its present earnings ratio. Plus, the 36-month beta value for FAST is at 1.23. Opinions of the stock are interesting as 1 analysts out of 15 who provided ratings for Fastenal Company declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 5 as “sell.”
The average price from analysts is $53.30, which is -$6.07 below the current price. FAST currently public float of 573.15M and currently shorts hold a 2.35% ratio of that float. Today, the average trading volume of FAST was 2.82M shares.
FAST’s Market Performance
FAST stocks went down by -3.27% for the week, with a monthly drop of -5.94% and a quarterly performance of 12.00%, while its annual performance rate touched 16.80%. The volatility ratio for the week stands at 1.87% while the volatility levels for the past 30 days are set at 1.76% for Fastenal Company. The simple moving average for the period of the last 20 days is -3.70% for FAST stocks with a simple moving average of 9.19% for the last 200 days.
Analysts’ Opinion of FAST
Many brokerage firms have already submitted their reports for FAST stocks, with Wells Fargo repeating the rating for FAST by listing it as a “Underweight.” The predicted price for FAST in the upcoming period, according to Wells Fargo is $45 based on the research report published on October 08th of the previous year 2021.
Loop Capital, on the other hand, stated in their research note that they expect to see FAST reach a price target of $52. The rating they have provided for FAST stocks is “Hold” according to the report published on August 03rd, 2021.
Morgan Stanley gave a rating of “Underweight” to FAST, setting the target price at $48 in the report published on June 15th of the previous year.
FAST Trading at -1.31% from the 50-Day Moving Average
After a stumble in the market that brought FAST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.88% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -5.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.62% upper at present.
During the last 5 trading sessions, FAST fell by -3.27%, which changed the moving average for the period of 200-days by +18.96% in comparison to the 20-day moving average, which settled at $62.42. In addition, Fastenal Company saw -5.89% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at FAST starting from Drazkowski William Joseph, who sale 6,630 shares at the price of $62.99 back on Dec 07. After this action, Drazkowski William Joseph now owns 5,580 shares of Fastenal Company, valued at $417,622 using the latest closing price.
Jansen James C, the Executive Vice President of Fastenal Company, sale 25,000 shares at $62.02 during a trade that took place back on Dec 06, which means that Jansen James C is holding 25,176 shares at $1,550,608 based on the most recent closing price.
Stock Fundamentals for FAST
Current profitability levels for the company are sitting at:
- +20.19 for the present operating margin
- +45.47 for the gross margin
The net margin for Fastenal Company stands at +15.21. The total capital return value is set at 34.35, while invested capital returns managed to touch 26.82. Equity return is now at value 31.30, with 21.70 for asset returns.
Based on Fastenal Company (FAST), the company’s capital structure generated 23.79 points at debt to equity in total, while total debt to capital is 19.21. Total debt to assets is 16.40, with long-term debt to equity ratio resting at 18.90. Finally, the long-term debt to capital ratio is 15.27.
When we switch over and look at the enterprise to sales, we see a ratio of 6.00, with the company’s debt to enterprise value settled at 0.02. The receivables turnover for the company is 7.47 and the total asset turnover is 1.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.08.