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CorVel (CRVL) Stock Price, News & Analysis

$317.90
-6.34 (-1.96%)
(As of 10/17/2024 ET)

About CorVel Stock (NASDAQ:CRVL)

Key Stats

Today's Range
$313.00
$324.47
50-Day Range
$299.97
$326.89
52-Week Range
$187.92
$329.23
Volume
25,290 shs
Average Volume
36,905 shs
Market Capitalization
$5.46 billion
P/E Ratio
70.49
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

CorVel Corporation provides workers' compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions. In addition, it provides a range of patient management services, such as claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life care planning, as well as processing of claims for self-insured payors with respect to property and casualty insurance. The company offers solutions to employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. CorVel Corporation was incorporated in 1987 and is based in Fort Worth, Texas.

CorVel Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
28th Percentile Overall Score

CRVL MarketRank™: 

CorVel scored higher than 28% of companies evaluated by MarketBeat, and ranked 260th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of CorVel is 70.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of CorVel is 70.49, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 42.31.

  • Price to Book Value per Share Ratio

    CorVel has a P/B Ratio of 21.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about CorVel's valuation and earnings.
  • Percentage of Shares Shorted

    3.76% of the float of CorVel has been sold short.
  • Short Interest Ratio / Days to Cover

    CorVel has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in CorVel has recently increased by 0.11%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    CorVel does not currently pay a dividend.

  • Dividend Growth

    CorVel does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.76% of the float of CorVel has been sold short.
  • Short Interest Ratio / Days to Cover

    CorVel has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in CorVel has recently increased by 0.11%, indicating that investor sentiment is decreasing.
  • News Sentiment

    CorVel has a news sentiment score of 1.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for CorVel this week, compared to 2 articles on an average week.
  • MarketBeat Follows

    3 people have added CorVel to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, CorVel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,003,958.00 in company stock.

  • Percentage Held by Insiders

    47.57% of the stock of CorVel is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    51.36% of the stock of CorVel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about CorVel's insider trading history.
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CRVL Stock News Headlines

Business Insurance Honors CorVel with Two Awards in 2024
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See More Headlines

CRVL Stock Analysis - Frequently Asked Questions

CorVel's stock was trading at $247.21 at the beginning of 2024. Since then, CRVL stock has increased by 28.6% and is now trading at $317.90.
View the best growth stocks for 2024 here
.

CorVel Co. (NASDAQ:CRVL) posted its quarterly earnings results on Tuesday, July, 30th. The business services provider reported $1.25 earnings per share (EPS) for the quarter. The business services provider had revenue of $211.72 million for the quarter. CorVel had a trailing twelve-month return on equity of 32.25% and a net margin of 9.55%.

CorVel's top institutional shareholders include West Coast Financial LLC (0.18%), Ellsworth Advisors LLC (0.01%), Creative Planning (0.01%) and Handelsbanken Fonder AB (0.01%). Insiders that own company stock include Corstar Holdings Inc, V Gordon Clemons, Jeffrey J Michael, Steven J Hamerslag, R Judd Jessup, Michael G Combs, Jean Macino, Alan Hoops, Brandon O'brien, Maxim Shishin, Mark E Bertels and Jennifer Yoss.
View institutional ownership trends
.

Shares of CRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that CorVel investors own include Waste Connections (WCN), American Water Works (AWK), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), The RMR Group (RMR), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

Last Earnings
7/30/2024
Today
10/17/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Insurance agents, brokers, & service
Sub-Industry
Health Care Services
Current Symbol
NASDAQ:CRVL
CUSIP
22100610
Employees
4,870
Year Founded
N/A

Profitability

Net Income
$76.25 million
Pretax Margin
11.96%

Debt

Sales & Book Value

Annual Sales
$816.78 million
Cash Flow
$6.12 per share
Book Value
$14.48 per share

Miscellaneous

Free Float
8,982,000
Market Cap
$5.46 billion
Optionable
Optionable
Beta
1.08
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This page (NASDAQ:CRVL) was last updated on 10/17/2024 by MarketBeat.com Staff
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