Fastenal Company [FAST] Is Currently 0.61 below its 200 Period Moving Avg: What Does This Mean?


Fastenal Company [NASDAQ: FAST] gained 0.61% on the last trading session, reaching $60.75 price per share at the time. The company report on January 5, 2022 that Fastenal Company Announces Conference Call to Review 2021 Annual and Fourth Quarter Earnings.

Fastenal Company (Nasdaq:FAST) announced the date and time for its conference call to review 2021 annual and fourth quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Wednesday, January 19, 2022 at 9:00 a.m. central time.

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Fastenal Company represents 574.97 million in outstanding shares, while the company has a total market value of $35.67 billion with the latest information. FAST stock price has been found in the range of $60.55 to $61.59.

If compared to the average trading volume of 2.75M shares, FAST reached a trading volume of 3511183 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 $54.22 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.

Wells Fargo have made an estimate for Fastenal Company shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 08, 2021. While these analysts kept the previous recommendation, Loop Capital raised their target price to Hold. The new note on the price target was released on August 03, 2021, representing the official price target for Fastenal Company stock. Previously, the target price had yet another drop from $53 to $48, while Morgan Stanley kept a Underweight rating on FAST stock.

The Average True Range (ATR) for Fastenal Company is set at 1.20, with the Price to Sales ratio for FAST stock in the period of the last 12 months amounting to 6.11. The Price to Book ratio for the last quarter was 11.77, with the Price to Cash per share for the same quarter was set at 0.43.

Trading performance analysis for FAST stock

Fastenal Company [FAST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.84. With this latest performance, FAST shares dropped by -3.62% in over the last four-week period, additionally plugging by 13.36% over the last 6 months – not to mention a rise of 20.73% 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 44.44, with the RSI for the last a single of trading hit 40.40, and the three-weeks RSI is set at 47.93 for Fastenal Company [FAST]. The present Moving Average for the last 50 days of trading for this stock 61.29, while it was recorded at 60.44 for the last single week of trading, and 55.37 for the last 200 days.

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

Fastenal Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 4.20.

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

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 6.33%.

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An analysis of insider ownership at Fastenal Company [FAST]

There are presently around $27,524 million, or 79.40% of FAST stock, in the hands of institutional investors. The top three institutional holders of FAST stocks are: VANGUARD GROUP INC with ownership of 66,787,816, which is approximately -0.243% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 45,130,728 shares of the stock with an approximate value of $2.74 billion in FAST stocks shares; and BANK OF NEW YORK MELLON CORP, currently with $1.71 billion in FAST stock with ownership of nearly -4.921% of the company’s market capitalization.

436 institutional holders increased their position in Fastenal Company [NASDAQ:FAST] by around 20,628,481 shares. Additionally, 382 investors decreased positions by around 19,045,976 shares, while 193 investors held positions by with 413,396,958 shares. The mentioned changes placed institutional holdings at 453,071,415 shares, according to the latest SEC report filing. FAST stock had 69 new institutional investments in for a total of 5,004,205 shares, while 63 institutional investors sold positions of 1,671,555 shares during the same period.