The price-to-earnings ratio for Kelly Services, Inc. (NASDAQ: KELYA) is 22.43x, which is above its average ratio. Moreover, the 36-month beta value for KELYA is 1.26. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for KELYA is 30.78M and currently, short sellers hold a 2.51% of that float. On May 10, 2024, KELYA’s average trading volume was 244.28K shares.
KELYA) stock’s latest price update
The stock price of Kelly Services, Inc. (NASDAQ: KELYA) has dropped by -6.34 compared to previous close of 23.51. Despite this, the company has seen a fall of -7.17% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-09 that Kelly Services (KELYA) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.40 per share a year ago.
KELYA’s Market Performance
Kelly Services, Inc. (KELYA) has seen a -7.17% fall in stock performance for the week, with a -7.17% decline in the past month and a 3.43% surge in the past quarter. The volatility ratio for the week is 3.38%, and the volatility levels for the past 30 days are at 2.31% for KELYA. The simple moving average for the last 20 days is -6.38% for KELYA’s stock, with a simple moving average of 6.03% for the last 200 days.
Analysts’ Opinion of KELYA
Northcoast, on the other hand, stated in their research note that they expect to see KELYA reach a price target of $29. The rating they have provided for KELYA stocks is “Buy” according to the report published on August 10th, 2021.
Barrington Research gave a rating of “Outperform” to KELYA, setting the target price at $26 in the report published on February 22nd of the previous year.
KELYA Trading at -8.29% from the 50-Day Moving Average
After a stumble in the market that brought KELYA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.86% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares sank -7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.38% lower at present.
During the last 5 trading sessions, KELYA fell by -7.17%, which changed the moving average for the period of 200-days by +21.66% in comparison to the 20-day moving average, which settled at $23.43. In addition, Kelly Services, Inc. saw 1.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KELYA starting from Dupree Timothy L, who sale 12,711 shares at the price of $24.98 back on Mar 08 ’24. After this action, Dupree Timothy L now owns 32,392 shares of Kelly Services, Inc., valued at $317,509 using the latest closing price.
Thirot Olivier, the Executive Vice President of Kelly Services, Inc., sale 20,000 shares at $24.07 during a trade that took place back on Mar 07 ’24, which means that Thirot Olivier is holding 174,793 shares at $481,312 based on the most recent closing price.
Stock Fundamentals for KELYA
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.2 for the gross margin
The net margin for Kelly Services, Inc. stands at 0.01. The total capital return value is set at 0.02. Equity return is now at value 2.85, with 1.36 for asset returns.
Based on Kelly Services, Inc. (KELYA), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 1.52. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 7.59.
Currently, EBITDA for the company is 85.7 million with net debt to EBITDA at -1.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
To wrap up, the performance of Kelly Services, Inc. (KELYA) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
