Fastenal Co [NASDAQ: FAST] surged by $0.9 during the normal trading session on while it closed the day at $74.98.
Fastenal Co stock has also loss -0.64% of its value over the past 7 days. However, FAST stock has declined by -2.20% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.77% and gained 4.27% year-on date.
The market cap for FAST stock reached $42.96 billion, with 573.32 million shares outstanding and 571.75 million shares in the current float. Compared to the average trading volume of 2.86M shares, FAST reached a trading volume of 2942629 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Fastenal Co [FAST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FAST shares is $77.36 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 3.21. 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.
Stifel have made an estimate for Fastenal Co shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 11, 2024. The new note on the price target was released on December 11, 2024, representing the official price target for Fastenal Co stock.
The Average True Range (ATR) for Fastenal Co is set at 1.40, with the Price to Sales ratio for FAST stock in the period of the last 12 months amounting to 5.69. The Price to Book ratio for the last quarter was 11.89, with the Price to Cash per share for the same quarter was set at 0.45. Price to Free Cash Flow for FAST in the course of the last twelve months was 45.37 with Quick ratio for the last quarter at 2.28.
FAST stock trade performance evaluation
Fastenal Co [FAST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.64. With this latest performance, FAST shares gained by 2.69% in over the last four-week period, additionally plugging by 5.77% over the last 6 months – not to mention a rise of 9.30% 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 49.26, with the RSI for the last a single of trading hit 51.44, and the three-weeks RSI is set at 47.95 for Fastenal Co [FAST]. The present Moving Average for the last 50 days of trading for this stock 77.23, while it was recorded at 75.13 for the last single week of trading, and 71.17 for the last 200 days.
Fastenal Co [FAST]: An insightful look at the core fundamentals
Fastenal Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.28 and a Current Ratio set at 4.67.
Earnings per share (EPS) analysis for Fastenal Co [FAST] stock
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 Co go to 7.85%.
Fastenal Co [FAST]: Institutional Ownership
There are presently around $85.18%, or 85.33%% of FAST stock, in the hands of institutional investors. The top three institutional holders of FAST stocks are: VANGUARD GROUP INC with ownership of 71.29 million shares, which is approximately 12.4551%. BLACKROCK INC., holding 46.44 million shares of the stock with an approximate value of $$2.92 billion in FAST stocks shares; and BLACKROCK INC., currently with $$1.67 billion in FAST stock with ownership which is approximately 4.655%.
