KELYA Stock Summary and Trading Ideas (Kelly Services - Class A | NASDAQ:KELYA)

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement, or outcome-based services. OCG segment delivers talent solutions including managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. The majority of revenue is derived from Professional & Industrial.

Kelly Services - Class A trades on the NASDAQ stock market under the symbol KELYA.

As of April 19, 2024, KELYA stock price climbed to $23.71 with 98,027 million shares trading.

KELYA has a beta of 0.86, meaning it tends to be less sensitive to market movements. KELYA has a correlation of 0.14 to the broad based SPY ETF.

KELYA has a market cap of $836.69 million. This is considered a Small Cap stock.

Last quarter Kelly Services - Class A reported $1 billion in Revenue and $.93 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.37.

In the last 3 years, KELYA stock traded as high as $26.98 and as low as $13.41.

The top ETF exchange traded funds that KELYA belongs to (by Net Assets): IJR, VTI, CALF, VB, IWM.

KELYA has outperformed the market in the last year with a price return of +44.7% while the SPY ETF gained +21.2%. KELYA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.3% and -1.9%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

KELYA support price is $22.99 and resistance is $23.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KELYA stock will trade within this expected range on the day.