Corvel Corp Stock Today

CRVL Stock  USD 370.44  10.25  2.85%   

Performance

10 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 5

 
High
 
Low
Very Low
CorVel Corp is selling for 370.44 as of the 24th of November 2024. This is a 2.85% increase since the beginning of the trading day. The stock's lowest day price was 362.0. CorVel Corp has under 5 % chance of experiencing financial distress over the next 2 years and had a ok performance during the last 90 days. Equity ratings for CorVel Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of October 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
28th of June 1991
Category
Financial Services
Classification
Health Care
CorVel Corporation provides workers compensation, auto, liability, and health solutions for 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. The company has 17.13 M outstanding shares of which 364.38 K shares are currently shorted by private and institutional investors with about 13.09 trading days to cover. More on CorVel Corp

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CorVel Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President CEOMichael Combs
Business ConcentrationHealth Care Providers & Services, Health Care Equipment & Services, Financial Services, SP Small-Cap 600, NASDAQ Composite, NASDAQ Health Care, NASDAQ Composite Total, Health Care, Health Care Providers & Services, Insurance Brokers, Financial Services (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.110.1677
Way Down
Pretty Stable
Asset Turnover2.491.7492
Significantly Up
Slightly volatile
Gross Profit Margin0.170.1829
Significantly Down
Very volatile
Total Current Liabilities193.7 M184.5 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total12.9 M22.5 M
Way Down
Slightly volatile
Total Assets477.4 M454.7 M
Sufficiently Up
Slightly volatile
Total Current Assets317.3 M302.2 M
Sufficiently Up
Slightly volatile
Debt Levels
CorVel Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand CorVel Corp's financial leverage. It provides some insight into what part of CorVel Corp's total assets is financed by creditors.
Liquidity
CorVel Corp currently holds 31.4 M in liabilities with Debt to Equity (D/E) ratio of 0.19, which may suggest the company is not taking enough advantage from borrowing. CorVel Corp has a current ratio of 1.41, which is within standard range for the sector. Note, when we think about CorVel Corp's use of debt, we should always consider it together with its cash and equity.

Other Cashflows From Financing Activities

9.45 Million
CorVel Corp (CRVL) is traded on NASDAQ Exchange in USA. It is located in 5128 Apache Plume Road, Fort Worth, TX, United States, 76109 and employs 4,870 people. CorVel Corp is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.34 B. CorVel Corp conducts business under Health Care Providers & Services sector and is part of Health Care industry. The entity has 17.13 M outstanding shares of which 364.38 K shares are currently shorted by private and institutional investors with about 13.09 trading days to cover. CorVel Corp currently holds about 94.31 M in cash with 99.24 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.42.
Check CorVel Corp Probability Of Bankruptcy
Ownership Allocation
CorVel Corp holds a total of 17.13 Million outstanding shares. Over half of CorVel Corp's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Also note that nearly one hundred fourty-seven thousand two hundred eighty-five invesors are currently shorting CorVel Corp expressing very little confidence in its future performance.
Check CorVel Ownership Details

CorVel Stock Institutional Holders

InstituionRecorded OnShares
Wells Fargo & Co2024-06-30
168.1 K
Northern Trust Corp2024-09-30
122.2 K
Norges Bank2024-06-30
94.8 K
Charles Schwab Investment Management Inc2024-09-30
86.2 K
Amvescap Plc.2024-06-30
79.4 K
Bank Of New York Mellon Corp2024-06-30
73.6 K
Raymond James & Associates2024-09-30
60.4 K
Hhg Plc2024-06-30
46.7 K
Assenagon Asset Management Sa2024-09-30
46.5 K
Kayne Anderson Rudnick Investment Management Llc2024-06-30
1.9 M
Blackrock Inc2024-06-30
1.5 M
View CorVel Corp Diagnostics

CorVel Corp Historical Income Statement

At this time, CorVel Corp's EBITDA is quite stable compared to the past year. Cost Of Revenue is expected to rise to about 682.4 M this year, although the value of Selling General Administrative will most likely fall to about 39.9 M. View More Fundamentals

CorVel Stock Against Markets

CorVel Corp Corporate Management

Stefani WendelInvestor RelationProfile
Sharon OConnorVice ServicesProfile
Jason WheelerVice ManagementProfile
Mark BertelsExecutive ServicesProfile
When determining whether CorVel Corp is a strong investment it is important to analyze CorVel Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CorVel Corp's future performance. For an informed investment choice regarding CorVel Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CorVel Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CorVel Corp. If investors know CorVel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CorVel Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.174
Earnings Share
4.7
Revenue Per Share
49.398
Quarterly Revenue Growth
0.148
Return On Assets
0.1334
The market value of CorVel Corp is measured differently than its book value, which is the value of CorVel that is recorded on the company's balance sheet. Investors also form their own opinion of CorVel Corp's value that differs from its market value or its book value, called intrinsic value, which is CorVel Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CorVel Corp's market value can be influenced by many factors that don't directly affect CorVel Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CorVel Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CorVel Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CorVel Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.