Kelly Services, Inc (NASDAQ:KELYA) price on Friday, March 21, fall -3.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $13.17.
A look at the stock’s price movement, the close in the last trading session was $13.66, moving within a range at $13.09 and $13.55. The beta value (5-Year monthly) was 1.136. Turning to its 52-week performance, $25.16 and $12.66 were the 52-week high and 52-week low respectively. Overall, KELYA moved -3.80% over the past month.
Kelly Services, Inc’s market cap currently stands at around $461.38 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-12. The company has a Forward Dividend ratio of 0.30, with its dividend yield at 2.28%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.16B for the company’s revenue for the quarter, with a low and high estimate of 1.14B and 1.17B respectively. The average forecast suggests up to a 10.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.61B, representing a 6.35% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KELYA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
KELYA’s current price about -1.15% and -3.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.32, while 7-day volatility ratio is 3.33% and 3.29% in the 30-day chart. Further, Kelly Services, Inc (KELYA) has a beta value of 1.02, and an average true range (ATR) of 0.46. Analysts have given the company’s stock an average 52-week price target of $24, forecast between a low of $24 and high of $24. Looking at the price targets, the low is -82.23% off current price level while to achieve the yearly target high, price needs to move -82.23%. Nonetheless, investors will most likely welcome a -82.23% jump to $24 which is the analysts’ median price.
If we refocus on Kelly Services, Inc (NASDAQ:KELYA), historical trading data shows that trading volumes averaged 0.33 over the past 10 days and 361.71K over the past 3 months. The company’s latest data on shares outstanding shows there are 31.60 million shares.
The 13.76% of Kelly Services, Inc’s shares are in the hands of company insiders while institutional holders own 81.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.78 million on 2025-02-28, giving us a short ratio of 2.22. The data shows that as of 2025-02-28 short interest in Kelly Services, Inc (KELYA) stood at 256.0 of shares outstanding, with shares short rising to 0.64 million registered in 2025-01-31. Current price change has pushed the stock -5.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KELYA stock continues to rise going into the next quarter.
