Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Fastenal Co’s current trading price is -6.88% away from its 52-week high, while its distance from the 52-week low is 28.88%. The stock’s price range during this period has varied between $61.33 and $84.88. The company, active in the Industrials sector, saw a trading volume of around 2.02 million for the day, considerably lower average daily volume of 2.64 million observed over the last three months.
Fastenal Co’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $84.88 on 11/11/24, and the lowest price during that time was $61.33, recorded on 01/09/24.
How Financial Performance Impacts Market Capitalization
Fastenal Co (FAST) has experienced a quarterly rise of 13.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 45.28B and boasts a workforce of 23201 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 73.78, with a change in price of +11.14. Similarly, Fastenal Co recorded 2,565,934 in trading volume during the last 100 days, posting a change of +16.41%.
How FAST’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for FAST stands at 0.15. Similarly, the long-term debt-to-equity ratio is also 0.09.
FAST Stock Stochastic Average
As of today, the raw stochastic average of Fastenal Co over the past 50 days is 62.35%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 6.67%. Additionally, the Stochastic %K and %D values for the company were 6.80% and 7.91%, respectively, over the past 20 days.
FAST Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 22.03%. However, over the past six months, we’ve seen a weaker performance of 22.94%. The price of FAST leaped by -5.34% over the last 30 days. And in the last five days, it has fallen by -3.33%.
