Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for CorVel Corp. (NASDAQ: CRVL) improved in recent days. CRVL’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 9/13/24, CorVel Corp. (NASDAQ: CRVL) stock enjoyed a large increase of 4.1%, closing at $316.93. NORMAL trading volume accompanied the advance. The stock has risen 1.9% 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 VT Rating improved in recent days from D previously. 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 good Power Rating of 82, producing the Low Neutral Value Trend Rating.
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