Why Kelly Services, Inc.’s (KELYA) Stock Is Up 5.40%

By Cynthia McLaughlin
May 10, 2024
Featured Tickers:
KELYA

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Kelly Services, Inc. before investing.

In this article, we go over a few key elements for understanding Kelly Services, Inc.’s stock price such as:

  • Kelly Services, Inc.’s current stock price and volume
  • Why Kelly Services, Inc.’s stock price changed recently
  • Upgrades and downgrades for KELYA from analysts
  • KELYA’s stock price momentum as measured by its relative strength

About Kelly Services, Inc. (KELYA)

Before we jump into Kelly Services, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Kelly Services, Inc. is a specialty talent and workforce solutions provider operating throughout the world. The Company operates through five segments: Professional & Industrial (P&I;), Science, Engineering & Technology (SET), Education, Outsourcing & Consulting Group (OCG) and International. P&I; segment delivers staffing, outcome-based and permanent placement services, providing administrative, accounting and finance, light industrial and contact center staffing and other workforce solutions in the United States and Canada. The SET segment delivers staffing, outcome-based and permanent placement services focused on science and clinical research, engineering, technology and telecommunications specialties. Its OCG segment delivers talent solutions including managed service provider (MSP), payroll process outsourcing (PPO), recruitment process outsourcing (RPO), and talent advisory services. International segment also delivers RPO talent solutions within its local markets.

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Kelly Services, Inc.’s Stock Price as of Market Close

As of May 10, 2024, 4:00 PM, CST, Kelly Services, Inc.’s stock price was $23.21.

Kelly Services, Inc. is up 5.4% from its previous closing price of $22.02.

During the last market session, Kelly Services, Inc.’s stock traded between $21.59 and $23.70. Currently, there are 35.40 million shares of Kelly Services, Inc. stock available for purchase.

Kelly Services, Inc.’s price-earnings (P/E) ratio is currently at 22.4, which is low compared to the Employment Services industry median of 22.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Kelly Services, Inc. Stock Price History

Kelly Services, Inc.’s (KELYA) price is currently up 1.18% so far this month.

During the month of May, Kelly Services, Inc.’s stock price has reached a high of $24.01 and a low of $21.59.

Over the last year, Kelly Services, Inc. has hit prices as high as $25.27 and as low as $16.19. Year to date, Kelly Services, Inc.’s stock is up 37.34%.

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What Caused Kelly Services, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 09, 2024, there was 1 analyst who downgraded Kelly Services, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Kelly Services, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Kelly Services, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Kelly Services, Inc.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Kelly Services, Inc. (KELYA) by visiting AAII Stock Evaluator.

Relative Price Strength of Kelly Services, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 09, 2024, Kelly Services, Inc. has a weighted four-quarter relative price strength of 1.35%, which translates to a Momentum Score of 69 and is considered to be Strong.

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Kelly Services, Inc. Stock Price: Bottom Line

As of May 10, 2024, Kelly Services, Inc.’s stock price is $23.21, which is up 5.4% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Kelly Services, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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