Fastenal Co. (NASDAQ:FAST) price is hovering lower on Wednesday, April 17, dropping -0.64% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $68.79. The company’s P/E ratio in the trailing 12-month period read 33.83. Taking into account the 52-week price action we note that the stock hit a 52-week high of $79.04 and 52-week low of $51.96. The stock subtracted -9.71% on its value in the past month.
Fastenal Co., which has a market valuation of $39.13 billion. The company stock has a Forward Dividend ratio of 1.44, while the dividend yield is 2.11%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FAST a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 5.34. The overview shows that FAST’s price is at present -9.15% off the SMA20 and -7.07% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 27.39, with weekly volatility standing at 2.97%. The indicator jumps to 1.89% when calculated based on the past 30 days. Fastenal Co. (NASDAQ:FAST)’s beta value is holding at 1.06, while the average true range (ATR) indicator is currently reading 1.56.
An analysis of the Fastenal Co. (NASDAQ:FAST) stock in terms of its daily trading volume indicates that the 3-month average is 4.15 million.
Current records show that the company has 571.98M in outstanding shares. The insiders’ percentage holdings are 0.20% of outstanding shares while the percentage share held by institutions stands at 84.00%. But the 5.53% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
