For its second fiscal quarter (ending September 30), CorVel Corp. (NASDAQ: CRVL) has reported a 18% increase in E.P.S. from $1.16 a year ago to $1.37 in the current quarter. E.P.S. were $4.76 for the latest four quarters through September 30 versus $4.36 for the same period a year ago — an increase of 9%.
Recent Price Action
CorVel Corp. (NASDAQ: CRVL) stock closed at $316.25 on 11/5/24 after a very large increase of 5.2%. However, this advance was accompanied by below average trading volume at 74% of normal. The stock has risen 4.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CorVel has a very low Appreciation Score of 6 but a very high Power Rating of 88, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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