A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Fastenal Co’s current trading price is -3.68% away from its 52-week high, while its distance from the 52-week low is 33.25%. The stock’s price range for this time frame has been between $30.68 and $42.44. The trading volume of the company’s shares in the Industrials reached around 4.87 million for the day, which was evidently lower than the average daily volume of 7.24 million over the last three months.
Fastenal Co’s stock market performance has been consistent.
How Financial Performance Impacts Market Capitalization
Fastenal Co (FAST) has experienced a quarterly rise of 9.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 46.90B and boasts a workforce of 23702 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
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 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. Until today this year the stock’s price performance recorded an increase of 13.70%. However, over the last six months, the performance has been stronger by -2.15%. The price of FAST decreased -0.80% over the last 30 days. And in the last five days, it has fallen by -1.42%.
