FAST Stock Summary and Trading Ideas (Fastenal Company | NASDAQ:FAST)

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

Fastenal Company trades on the NASDAQ stock market under the symbol FAST.

As of April 18, 2024, FAST stock price declined to $67.50 with 3,398,743 million shares trading.

FAST has a beta of 0.92, meaning it tends to be less sensitive to market movements. FAST has a correlation of 0.26 to the broad based SPY ETF.

FAST has a market cap of $38.61 billion. This is considered a Large Cap stock.

Last quarter Fastenal Company reported $2 billion in Revenue and $.52 earnings per share. This fell short of revenue expectation by $-15 million and missed earnings estimates by -$.01.

In the last 3 years, FAST stock traded as high as $79.04 and as low as $43.73.

The top ETF exchange traded funds that FAST belongs to (by Net Assets): VTI, VOO, VO, SCHD, QQQ.

FAST has outperformed the market in the last year with a return of +29.5%, while the SPY ETF gained +22.3%. In the last 3 month period, FAST beat the market returning +7.1%, while SPY returned +6.1%. However, in the most recent 2 weeks FAST has underperformed the stock market by returning -11.6%, while SPY returned -3.8%.

FAST support price is $67.60 and resistance is $69.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FAST stock will trade within this expected range on the day.