Robert Half's Stock Hits Oversold Territory, RSI Reading at 29.5

Robert Half Inc (RHI) shares have entered oversold territory with an RSI reading of 29.5, indicating potential exhaustion of heavy selling. The recent low of $36.96 is the 52-week low, with a 52-week high of $78.41. This could be a sign of a potential turnaround for the stock.

Robert Half Inc. (RHI) shares have entered oversold territory, with the Relative Strength Index (RSI) reading at 29.5. This indicates a potential exhaustion of heavy selling, which could signal a turnaround for the stock [2].

The recent low of $36.96 is the 52-week low, with a 52-week high of $78.41. This suggests a significant drop in value over the past year. Despite the recent earnings report showing a decline in earnings and revenues compared to the Zacks Consensus Estimate, the stock's performance has been particularly poor, with a 37.2% decline over the past year, compared to the Staffing Firms industry's 28.4% decline and the Zacks S&P 500 composite's 17.4% rise [1].

The quarterly earnings of 41 cents per share beat the consensus mark by 2.5% but declined 37.9% year over year. Revenues of $1.37 billion outpaced the consensus mark by 1.4% but decreased 7% year over year. The company's shares have depreciated 37.2% over the past year compared to the Staffing Firms industry's 28.4% decline and the 17.4% rise of the Zacks S&P 500 composite [1].

The adjusted gross profit in the quarter was $522.3 million, down 9.9% year over year. The adjusted gross profit margin of 39.1% declined 210 basis points year over year. The company ended the quarter with a cash and cash equivalent balance of $380.6 million compared to $547.4 million in the second quarter of 2024 [1].

For the third quarter of 2025, Robert Half expects revenues in the band of $1.31-$1.41 billion, with EPS expected between 37 cents and 47 cents. The company anticipates 64.2 billing days compared to 64.1 billing days during the third quarter of 2024. Capital expenditures, including capitalized cloud computing costs, are projected to range between $15 million and $25 million during the same period [1].

The current RSI reading of the S&P 500 ETF (SPY) is 64.5, indicating a less oversold condition compared to RHI. This could suggest that while RHI is entering oversold territory, the broader market is not as pessimistic. A bullish investor could look at RHI's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself and begin to look for entry point opportunities on the buy side [2].

References:
[1] https://finance.yahoo.com/news/robert-half-international-stock-plunges-152000807.html
[2] https://www.nasdaq.com/articles/robert-half-now-oversold-rhi