CorVel Corp. (NASDAQ: CRVL) has reported earnings for its first fiscal quarter (ending June 30) of $1.26 versus $1.16 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.55 versus $4.04 for the same period a year ago.
Recent Price Action
On 7/30/24, CorVel Corp. (NASDAQ: CRVL) stock enjoyed a large increase of 4.0%, closing at $319.99. Moreover, above average trading volume at 135% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 11.9% during the last week.
Current PriceTarget Research Rating
CRVL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
CorVel has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CorVel has a very low Appreciation Score of 5 but a good Power Rating of 70, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment