The stock price of Fastenal Co (NASDAQ: FAST) has dropped by -0.52 compared to previous close of 78.23. Despite this, the company has seen a gain of 1.50% in its stock price over the last five trading days. 247wallst.com reported 2024-11-01 that 24/7 Wall Street contributor Chris MacDonald recently discussed dividend stocks for income-focused investors.
Is It Worth Investing in Fastenal Co (NASDAQ: FAST) Right Now?
The price-to-earnings ratio for Fastenal Co (NASDAQ: FAST) is above average at 38.67x, Company’s 36-month beta value is 0.99.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 6 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for FAST is 571.72M, and currently, short sellers hold a 2.42% ratio of that floaft. The average trading volume of FAST on November 05, 2024 was 2.50M shares.
FAST’s Market Performance
FAST’s stock has seen a 1.50% increase for the week, with a 10.89% rise in the past month and a 18.68% gain in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.90% for Fastenal Co The simple moving average for the last 20 days is 2.19% for FAST’s stock, with a simple moving average of 11.62% for the last 200 days.
Analysts’ Opinion of FAST
Many brokerage firms have already submitted their reports for FAST stocks, with BofA Securities repeating the rating for FAST by listing it as a “Buy.” The predicted price for FAST in the upcoming period, according to BofA Securities is $85 based on the research report published on October 07, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see FAST reach a price target of $72. The rating they have provided for FAST stocks is “Equal-Weight” according to the report published on September 06th, 2024.
HSBC Securities gave a rating of “Hold” to FAST, setting the target price at $59 in the report published on September 15th of the previous year.
FAST Trading at 7.88% 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 -1.54% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +11.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.27% upper at present.
During the last 5 trading sessions, FAST rose by +1.50%, which changed the moving average for the period of 200-days by +12.23% in comparison to the 20-day moving average, which settled at $76.15. In addition, Fastenal Co saw 20.15% 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 Heise Rita J., who sale 10,888 shares at the price of $77.67 back on Oct 30 ’24. After this action, Heise Rita J. now owns 20,000 shares of Fastenal Co, valued at $845,692 using the latest closing price.
RITA JOYCE HEISE, the Director of Fastenal Co, proposed sale 10,888 shares at $77.67 during a trade that took place back on Oct 30 ’24, which means that RITA JOYCE HEISE is holding shares at $845,692 based on the most recent closing price.
Stock Fundamentals for FAST
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.44 for the gross margin
The net margin for Fastenal Co stands at 0.15. The total capital return value is set at 0.38. Equity return is now at value 32.70, with 24.74 for asset returns.
Based on Fastenal Co (FAST), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 5.19. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 199.88.
Currently, EBITDA for the company is 1.71 billion with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 5.95. The receivables turnover for the company is 6.23for trailing twelve months and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.40.
Conclusion
In a nutshell, Fastenal Co (FAST) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
