Fastenal Story

The modest gains experienced by current holders of Fastenal could raise concerns from private investors as the firm it trading at a share price of 46.63 on 3,132,100 in volume. The company executives have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in September. The stock standard deviation of daily returns for 30 days investing horizon is currently 1.53. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.

	2017	2018	2019	2020 (projected)
Receivables	607.8 M	714.3 M	741.8 M	596.29 M
Inventories	1.09 B	1.28 B	1.37 B	1.11 B

Cost of Revenue Breakdown

Fastenal Cost of Revenue yearly trend continues to be comparatively stable with very little volatility. Cost of Revenue will likely drop to about 2.5 B in 2020. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. Fastenal Cost of Revenue is comparatively stable at the moment as compared to the past year. Fastenal reported Cost of Revenue of 2.82 Billion in 2019

	2013	1.61 Billion
	2014	1.84 Billion
	2015	1.92 Billion
	2016	2 Billion
	2017	2.23 Billion
	2018	2.57 Billion
	2019	2.82 Billion
	2020	2.53 Billion

Momentum Analysis of Fastenal suggests possible reversal in November

Variance is down to 2.28. It may call for a possible volatility drop. As of the 12th of October 2020, Fastenal shows the Downside Deviation of 1.75, mean deviation of 1.08, and Coefficient Of Variation of 1155.8. Fastenal technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Fastenal Company, which can be compared to its rivals. Please confirm Fastenal variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Fastenal is priced favorably, providing market reflects its regular price of 46.63 per share. Given that Fastenal has jensen alpha of (0.03604), we urge you to verify Fastenal Company's prevailing market performance to make sure the company can sustain itself at a future point.

Our Final Takeaway

Whereas other entities under the industrial distribution industry are still a bit expensive, Fastenal may offer a potential longer-term growth to private investors. While some private investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Fastenal.