KFRC Stock Summary and Trading Ideas (Kforce | NASDAQ:KFRC)

Kforce Inc provides professional and technical specialty staffing services and solutions. The company operates two business segments: 1) technology segment where the company provides talent solutions with candidates skilled in areas including systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security. 2) FA segment where the company offers consultants in traditional finance and accounting roles such as finance, planning and analysis; business intelligence analysis; general accounting; transactional accounting business and cost analysis; and taxation and treasury. The majority of revenue is earned through the technology segment.

Kforce trades on the NASDAQ stock market under the symbol KFRC.

As of April 18, 2024, KFRC stock price declined to $62.97 with 81,716 million shares trading.

KFRC has a beta of 1.36, meaning it tends to be more sensitive to market movements. KFRC has a correlation of 0.36 to the broad based SPY ETF.

KFRC has a market cap of $1.23 billion. This is considered a Small Cap stock.

Last quarter Kforce reported $363 million in Revenue and $.82 earnings per share. This beat revenue expectation by $87,000 and exceeded earnings estimates by $.03.

In the last 3 years, KFRC stock traded as high as $81.47 and as low as $49.35.

The top ETF exchange traded funds that KFRC belongs to (by Net Assets): VTI, VB, IWM, SCHD, VBR.

KFRC has underperformed the market in the last year with a price return of -2.3% while the SPY ETF gained +22.5%. KFRC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.8% and -6.7%, respectively, while the SPY returned +6.3% and -3.7%, respectively.

KFRC support price is $62.27 and resistance is $64.59 (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 KFRC stock will trade within this expected range on the day.