Price Over Earnings Overview: Fastenal
Portfolio Pulse from Benzinga Insights
Fastenal Inc.'s (NASDAQ:FAST) stock price is currently at $57.36, after a 1.53% drop. However, over the past month, the stock has risen by 5.32%, and in the past year, by 13.29%. The company's P/E ratio is 30.03, higher than the aggregate P/E ratio of 17.96 of the Trading Companies & Distributors industry, indicating that the stock may be overvalued.
July 06, 2023 | 2:22 pm
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Fastenal Inc.'s stock price has dropped 1.53% to $57.36. The company's P/E ratio of 30.03, which is higher than the industry average, suggests that the stock may be overvalued.
Fastenal Inc.'s stock price has dropped 1.53% in the current market session. Despite a rise in the past month and year, the company's high P/E ratio compared to the industry average suggests that the stock may be overvalued. This could potentially lead to a further decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100