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FAST
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
31.3B

FAST Fastenal Company Forecast, Technical & Fundamental Analysis

an operator of industrial hardware supply stores

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FAST with price predictions
08:00 PM EDT Sep 26, 2023

FAST's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for FAST turned positive on September 27, 2023. Looking at past instances where FAST's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FAST's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 50 cases where FAST's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 27, 2023. You may want to consider a long position or call options on FAST as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FAST advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .

FAST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

FAST moved below its 50-day moving average on September 01, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FAST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FAST’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: FAST's P/B Ratio (9.302) is very high in comparison to the industry average of (3.712). P/E Ratio (28.090) is within average values for comparable stocks, (22.600). Projected Growth (PEG Ratio) (2.992) is also within normal values, averaging (3.629). Dividend Yield (0.025) settles around the average of (0.027) among similar stocks. FAST's P/S Ratio (4.359) is very high in comparison to the industry average of (1.355).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Fastenal Company (NASDAQ:FAST).

Industry description

Companies in this industry handle the wholesale shipments for the manufacturer of a product. They have warehouses and distribution centers, and they ship products directly to the retailer. Digitization, increasing competition, emerging customer demand, and product innovation are some of shifts that the industry has been facing in recent times – something that is potentially creating needs/opportunities for business model revisions or transformations. Data, analytics, and technology are becoming increasingly important for whole distributors in anticipating and analyzing consumer needs, and therefore planning their business strategies accordingly. Fastenal Company, W.W. Grainger, Inc., Genuine Parts Company and Pool Corporation are some of the largest names in the business.

Market Cap

The average market capitalization across the Wholesale Distributors Industry is 6.21B. The market cap for tickers in the group ranges from 70.2K to 34.5B. GWW holds the highest valuation in this group at 34.5B. The lowest valued company is SCOO at 70.2K.

High and low price notable news

The average weekly price growth across all stocks in the Wholesale Distributors Industry was 3%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 5%. MJHI experienced the highest price growth at 86%, while HPURF experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the Wholesale Distributors Industry was 44%. For the same stocks of the Industry, the average monthly volume growth was 117% and the average quarterly volume growth was 31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 55
Price Growth Rating: 53
SMR Rating: 51
Profit Risk Rating: 60
Seasonality Score: -6 (-100 ... +100)
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A.I. Advisor
published Earnings

FAST is expected to report earnings to fall 2.94% to 50 cents per share on October 12

Fastenal Company FAST Stock Earnings Reports
Q3'23
Est.
$0.50
Q2'23
Est.
$0.52
Q1'23
Beat
by $0.02
Q4'22
Beat
by $0.01
Q3'22
Beat
by $0.02
The last earnings report on July 13 showed earnings per share of 51 cents, meeting the estimate of 51 cents. With 2.93M shares outstanding, the current market capitalization sits at 31.30B.
A.I.Advisor
published Dividends

FAST paid dividends on August 24, 2023

Fastenal Company FAST Stock Dividends
А dividend of $0.35 per share was paid with a record date of August 24, 2023, and an ex-dividend date of July 26, 2023. Read more...
A.I. Advisor
published General Information

General Information

an operator of industrial hardware supply stores

Industry WholesaleDistributors

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
2001 Theurer Boulevard
Phone
+1 507 454-5374
Employees
22386
Web
https://www.fastenal.com
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FAST and

Correlation & Price change

A.I.dvisor indicates that over the last year, FAST has been closely correlated with GWW. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if FAST jumps, then GWW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FAST
1D Price
Change %
FAST100%
+1.07%
GWW - FAST
81%
Closely correlated
-0.18%
MSM - FAST
74%
Closely correlated
+1.22%
WSO - FAST
68%
Closely correlated
+0.70%
FERG - FAST
62%
Loosely correlated
+2.83%
POOL - FAST
61%
Loosely correlated
+2.71%
More

Groups containing FAST

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FAST
1D Price
Change %
FAST100%
+1.07%
FAST
(undefined stocks)
83%
Closely correlated
+0.70%
Wholesale Distributors
(undefined stocks)
80%
Closely correlated
+1.55%
Distribution Services
(undefined stocks)
79%
Closely correlated
+0.82%
wholesale distributor
(undefined stocks)
77%
Closely correlated
+1.33%
industrial machinery
(undefined stocks)
76%
Closely correlated
+1.03%
More