Friday, November 27, 2020

Fastenal Company [FAST] Is Currently 2.90 below its 200 Period Moving Avg: What Dose This Mean?

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Fastenal Company [NASDAQ: FAST] gained 2.90% or 1.29 points to close at $45.83 with a heavy trading volume of 3041118 shares.

It opened the trading session at $44.69, the shares rose to $45.985 and dropped to $44.69, the range by which the price of stock traded the whole day. The daily chart for FAST points out that the company has recorded 42.42% gains over the past six months. However, it is still -71.52% lower than its most recent low trading price.


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If we look at the average trading volume of 3.63M shares, FAST reached to a volume of 3041118 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Fastenal Company [FAST]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FAST shares is $46.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FAST stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Fastenal Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 16, 2020. The new note on the price target was released on September 08, 2020, representing the official price target for Fastenal Company stock. Previously, the target price had yet another raise to $50, while Wells Fargo analysts kept a Equal Weight rating on FAST stock.

The Average True Range (ATR) for Fastenal Company is set at 1.13, with the Price to Sales ratio for FAST stock in the period of the last 12 months amounting to 4.78. The Price to Book ratio for the last quarter was 9.43, with the Price to Cash per share for the same quarter was set at 0.35. Price to Free Cash Flow for FAST in the course of the last twelve months was 106.14 with Quick ratio for the last quarter at 1.90.

Trading performance analysis for FAST stock

Fastenal Company [FAST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.13. With this latest performance, FAST shares dropped by -2.53% in over the last four-week period, additionally plugging by 42.42% over the last 6 months – not to mention a rise of 44.21% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FAST stock in for the last two-week period is set at 52.28, with the RSI for the last a single of trading hit 57.72, and the three-weeks RSI is set at 51.72 for Fastenal Company [FAST]. The present Moving Average for the last 50 days of trading for this stock 46.52, while it was recorded at 45.11 for the last single week of trading, and 39.82 for the last 200 days.

Fastenal Company [FAST]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Fastenal Company [FAST] shares currently have an operating margin of +19.80 and a Gross Margin at +47.16. Fastenal Company’s Net Margin is presently recorded at +14.83.

Return on Total Capital for FAST is now 34.86, given the latest momentum, and Return on Invested Capital for the company is 26.56. Return on Equity for this stock inclined to 31.84, with Return on Assets sitting at 22.21. When it comes to the capital structure of this company, Fastenal Company [FAST] has a Total Debt to Total Equity ratio set at 22.16. Additionally, FAST Total Debt to Total Capital is recorded at 18.14, with Total Debt to Total Assets ending up at 15.54. Long-Term Debt to Equity for the company is recorded at 18.39, with the Long-Term Debt to Total Capital now at 15.05.

Reflecting on the efficiency of the workforce at the company, Fastenal Company [FAST] managed to generate an average of $36,035 per employee. Receivables Turnover for the company is 7.33 with a Total Asset Turnover recorded at a value of 1.50.Fastenal Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 4.10.

Fastenal Company [FAST]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Fastenal Company posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FAST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fastenal Company go to 9.10%.

An analysis of insider ownership at Fastenal Company [FAST]

There are presently around $20,616 million, or 81.50% of FAST stock, in the hands of institutional investors. The top three institutional holders of FAST stocks are: VANGUARD GROUP INC with ownership of 68,705,845, which is approximately -3.377% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 45,737,441 shares of the stock with an approximate value of $2.1 billion in FAST stocks shares; and BANK OF NEW YORK MELLON CORP, currently with $1.43 billion in FAST stock with ownership of nearly 1.158% of the company’s market capitalization.

Positions in Fastenal Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 408 institutional holders increased their position in Fastenal Company [NASDAQ:FAST] by around 27,174,306 shares. Additionally, 372 investors decreased positions by around 42,229,616 shares, while 138 investors held positions by with 380,434,930 shares. The mentioned changes placed institutional holdings at 449,838,852 shares, according to the latest SEC report filing. FAST stock had 118 new institutional investments in for a total of 5,372,784 shares, while 66 institutional investors sold positions of 8,290,955 shares during the same period.

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