Alert: Positive Investment/Fundamental Signals (7/16/24)-Kelly Services Inc. (NASDAQ: KELYA)

out_logo_500#10499.jpg

Kelly Services Inc. (NASDAQ: KELYA). Important positive changes in fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Kelly Services Inc. (NASDAQ: KELYA) has recently enjoyed extremely important positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

out_mm#10499.jpg

Current PriceTarget Research Rating

KELYA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

Kelly Services has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Kelly Services has a slightly positive Power Rating of 66 and a good Appreciation Score of 80, with the Highest Value Trend Rating the result.

Recent Price Action

Kelly Services Inc. (NASDAQ: KELYA) stock closed at $22.33 on 7/16/24 after a large increase of 4.7%. Moreover, trading volume in this advance was exceptionally high at 231% of normal. The stock has risen 3.6% during the last week and has been strong relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.


*