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Fastenal Company (FAST) Shares Plummet Below 1-Year High

The stock of Fastenal Company (NASDAQ: FAST) has decreased by -0.56 when compared to last closing price of 55.22.Despite this, the company has seen a gain of 0.57% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-13 that Fastenal (FAST) intends to become a driver of innovation and efficiency in the commercial transportation system.

Is It Worth Investing in Fastenal Company (NASDAQ: FAST) Right Now?

Fastenal Company (NASDAQ: FAST) has a price-to-earnings ratio that is above its average at 28.02x. and a 36-month beta value of 1.15. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 3 as “sell.”

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The average price predicted for Fastenal Company (FAST) by analysts is $56.78, which is $2.31 above the current market price. The public float for FAST is 570.34M, and at present, short sellers hold a 2.81% of that float. On September 19, 2023, the average trading volume of FAST was 3.07M shares.

FAST’s Market Performance

The stock of Fastenal Company (FAST) has seen a 0.57% increase in the past week, with a -4.10% drop in the past month, and a -2.95% fall in the past quarter. The volatility ratio for the week is 1.02%, and the volatility levels for the past 30 days are at 1.47% for FAST. The simple moving average for the past 20 days is -2.43% for FAST’s stock, with a 2.30% simple moving average for the past 200 days.

Analysts’ Opinion of FAST

Many brokerage firms have already submitted their reports for FAST stocks, with HSBC Securities repeating the rating for FAST by listing it as a “Hold.” The predicted price for FAST in the upcoming period, according to HSBC Securities is $59 based on the research report published on September 15, 2023 of the current year 2023.

FAST Trading at -3.86% 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 -7.61% of loss for the given period.

Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.02%, as shares sank -4.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.11% lower at present.

During the last 5 trading sessions, FAST rose by +0.57%, which changed the moving average for the period of 200-days by +9.23% in comparison to the 20-day moving average, which settled at $56.15. In addition, Fastenal Company saw 16.04% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FAST starting from WISECUP REYNE K, who sale 19,564 shares at the price of $56.78 back on Aug 21. After this action, WISECUP REYNE K now owns 20,000 shares of Fastenal Company, valued at $1,110,912 using the latest closing price.

Ancius Michael J, the Director of Fastenal Company, purchase 500 shares at $57.53 during a trade that took place back on Jul 17, which means that Ancius Michael J is holding 28,765 shares at $28,765 based on the most recent closing price.

Stock Fundamentals for FAST

Current profitability levels for the company are sitting at:

  • +20.82 for the present operating margin
  • +43.69 for the gross margin

The net margin for Fastenal Company stands at +15.57. The total capital return value is set at 38.03, while invested capital returns managed to touch 30.19. Equity return is now at value 34.60, with 24.50 for asset returns.

Based on Fastenal Company (FAST), the company’s capital structure generated 25.36 points at debt to equity in total, while total debt to capital is 20.23. Total debt to assets is 17.63, with long-term debt to equity ratio resting at 16.07. Finally, the long-term debt to capital ratio is 12.82.

When we switch over and look at the enterprise to sales, we see a ratio of 4.44, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 7.30 and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.96.


To sum up, Fastenal Company (FAST) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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