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Meeting and exceeding analyst predictions: Fastenal Company (FAST)

At the end of the latest market close, Fastenal Company (FAST) was valued at $48.99. In that particular session, Stock kicked-off at the price of $48.98 while reaching the peak value of $49.655 and lowest value recorded on the day was $48.37. The stock current value is $49.58.Recently in News on January 19, 2023, Fastenal Company Reports 2022 Annual and Fourth Quarter Earnings. Fastenal Company (Nasdaq:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter and year ended December 31, 2022. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are based on non-rounded dollar values, may not be able to be recalculated using the dollar values included in this document due to the rounding of those dollar values. References to daily sales rate (DSR) change may reflect either growth (positive) or contraction (negative) for the applicable period. You can read further details here

Fastenal Company had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $49.65 on 01/24/23, with the lowest value was $45.70 for the same time period, recorded on 01/19/23.

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Fastenal Company (FAST) full year performance was -12.28%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Fastenal Company shares are logging -18.37% during the 52-week period from high price, and 13.38% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $43.73 and $60.74.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 4436653 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Fastenal Company (FAST) recorded performance in the market was 4.78%, having the revenues showcasing 7.57% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 27.12B, as it employees total of 19519 workers.

Specialists analysis on Fastenal Company (FAST)

During the last month, 0 analysts gave the Fastenal Company a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 48.73, with a change in the price was noted -0.94. In a similar fashion, Fastenal Company posted a movement of -1.86% for the period of last 100 days, recording 3,628,857 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FAST is recording 0.18 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.13.

Trends and Technical analysis: Fastenal Company (FAST)

Raw Stochastic average of Fastenal Company in the period of last 50 days is set at 49.81%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 98.10%. In the last 20 days, the company’s Stochastic %K was 91.59% and its Stochastic %D was recorded 71.99%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 4.78%. Additionally, trading for the stock in the period of the last six months notably improved by 2.65%, alongside a downfall of -12.28% for the period of the last 12 months. The shares increased approximately by 2.82% in the 7-day charts and went down by 3.42% in the period of the last 30 days. Common stock shares were driven by 7.57% during last recorded quarter.

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