CorVel Corp. (NASDAQ: CRVL) stock enjoyed a major increase of 11.0% on 11/6/24. The shares closed at $350.98. Moreover, exceptionally high trading volume at 235% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.2% 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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. CorVel has a very low Appreciation Score of 6 but a very high Power Rating of 88, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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