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Fastenal Co. (FAST) Stock Could Soon Reward Patient Investors

Fastenal Co. (NASDAQ: FAST) is -3.41% lower on its value in year-to-date trading and has touched a low of $53.49 and a high of $79.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FAST stock was last observed hovering at around $62.83 in the last trading session, with the day’s loss setting it -0.27%.

Currently trading at $62.56, the stock is -1.85% and -4.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.23 million and changing -0.43% at the moment leaves the stock -4.43% off its SMA200. FAST registered 8.78% gain for a year compared to 6-month gain of 0.94%.

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The stock witnessed a -2.27% loss in the last 1 month and extending the period to 3 months gives it a -17.56%, and is 0.76% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.62% over the month.

Fastenal Co. (FAST) has around 23201 employees, a market worth around $35.82B and $7.38B in sales. Current P/E ratio is 30.99 and Fwd P/E is 28.09. Profit margin for the company is 15.68%. Distance from 52-week low is 16.95% and -20.85% from its 52-week high. The company has generated returns on investments over the last 12 months (30.34%).

The EPS is expected to grow by 1.82% this year.

Fastenal Co. (FAST) Top Institutional Holders

The shares outstanding are 571.98M, and float is at 571.41M with Short Float at 3.20%.

Fastenal Co. (FAST) Insider Activity

The most recent transaction is an insider purchase by HSU Hsenghung Sam,the company’sDirector. SEC filings show that HSU Hsenghung Sam bought 500 shares of the company’s common stock on Jun 11 ’24 at a price of $62.95 per share for a total of $31475.0. Following the purchase, the insider now owns 4000.0 shares.

Fastenal Co. disclosed in a document filed with the SEC on Jun 10 ’24 that HSU Hsenghung Sam (Director) bought a total of 500 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $63.28 per share for $31640.0. Following the transaction, the insider now directly holds 3500.0 shares of the FAST stock.

Still, SEC filings show that on May 29 ’24, Jansen James C (EXECUTIVE VICE PRESIDENT) disposed off 11,428 shares at an average price of $64.07 for $0.73 million. The insider now directly holds 26,176 shares of Fastenal Co. (FAST).

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