Taking a Fresh Look at Fastenal Company (FAST)

Fastenal Company (FAST) is an interesting player in the Services space, with a focus on Industrial Equipment Wholesale. The stock has been active on the tape, currently trading at $52.84, down from yesterday’s close by -1.20%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Fastenal Company (FAST) currently trades with a market capitalization of $15.18 Billion. That value represents a market adjusting for revenues that have been growing by 14.83 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $465.3 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.6 on a per share basis this quarter. Perhaps, that suggests something about why 9.05% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Fastenal Company recorded a 52-week high of $57.81. It is now trading 4.97% off that level. The stock is trading $54.19 its 50-day moving average by 1.35%. The stock carved out a 52-week low down at $39.79.

In recent action, Fastenal Company (FAST) has made a move of -4.95% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.51, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 9.19% with $286.61 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FAST.

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