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 -9.18% away from its 52-week high, while its distance from the 52-week low is 25.64%. The stock’s price range during this period has varied between $61.36 and $84.88. The company, active in the Industrials sector, saw a trading volume of around 2.76 million for the day, considerably lower average daily volume of 3.24 million observed over the last three months.
Fastenal Co’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $84.88 on 11/11/24, and the lowest price during the same period was recorded at $61.36 on 07/02/24.
How Financial Performance Impacts Market Capitalization
Fastenal Co (FAST) has experienced a quarterly rise of 3.03% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 44.21B and boasts a workforce of 23702 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 76.95, with a change in price of -0.52. Similarly, Fastenal Co recorded 3,038,936 in trading volume during the last 100 days, posting a change of -0.67%.
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 0.13. 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 49.80%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 43.27%. Additionally, the Stochastic %K and %D values for the company were 42.71% and 34.87%, respectively, over the past 20 days.
FAST Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 7.20%.However, over the last six months, we can see a weaker performance of 7.32%. Over the last 30 days, the price of FAST has fallen by 3.34%. And in the last five days, it has surged by 0.82%.
