Kelly Services, Inc (NASDAQ: KELYA)’s stock price has plunge by -0.84relation to previous closing price of 13.13. Nevertheless, the company has seen a -6.26% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-06 that NEW YORK, Dec. 6, 2024 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
Is It Worth Investing in Kelly Services, Inc (NASDAQ: KELYA) Right Now?
The price-to-earnings ratio for Kelly Services, Inc (NASDAQ: KELYA) is above average at 11.20x, Company’s 36-month beta value is 1.14.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for KELYA is 30.90M, and currently, short sellers hold a 4.57% ratio of that floaft. The average trading volume of KELYA on December 20, 2024 was 341.32K shares.
KELYA’s Market Performance
KELYA’s stock has seen a -6.26% decrease for the week, with a -8.05% drop in the past month and a -38.53% fall in the past quarter. The volatility ratio for the week is 4.32%, and the volatility levels for the past 30 days are at 3.85% for Kelly Services, Inc The simple moving average for the last 20 days is -8.14% for KELYA stock, with a simple moving average of -37.46% 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 -22.68% 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 -48.48% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 4.32%, as shares sank -6.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.18% lower at present.
During the last 5 trading sessions, KELYA fell by -6.26%, which changed the moving average for the period of 200-days by -46.02% in comparison to the 20-day moving average, which settled at $14.17. In addition, Kelly Services, Inc saw -39.78% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KELYA starting from Malan Daniel H, who purchase 3,500 shares at the price of $13.88 back on Nov 20 ’24. After this action, Malan Daniel H now owns 95,906 shares of Kelly Services, Inc, valued at $48,585 using the latest closing price.
MURPHY LESLIE A, the Director of Kelly Services, Inc, purchase 42 shares at $21.49 during a trade that took place back on Feb 08 ’24, which means that MURPHY LESLIE A is holding 12,742 shares at $903 based on the most recent closing price.
Stock Fundamentals for KELYA
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.24 for the gross margin
The net margin for Kelly Services, Inc stands at 0.01. The total capital return value is set at 0.03. Equity return is now at value 3.30, with 1.59 for asset returns.
Based on Kelly Services, Inc (KELYA), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 6.82.
Currently, EBITDA for the company is 78.2 million with net debt to EBITDA at 2.73. When we switch over and look at the enterprise to sales, we see a ratio of 0.2. The receivables turnover for the company is 2.85for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.
Conclusion
In a nutshell, Kelly Services, Inc (KELYA) has experienced a bad performance in recent times. The stock has received mixed “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.
