NASDAQ:CRVL

CorVel - CRVL Stock Forecast, Price & News

$137.28

-5.47 (-3.83%)

(As of 09/27/2022 04:29 PM ET)

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Today's Range: $136.83
▼
$144.10
50-Day Range: $141.58
▼
$171.48
52-Week Range: $129.19
▼
$213.38

Volume: 75,304 shs
Average Volume: 43,003 shs
Market Capitalization: $2.41 billion

P/E Ratio: 37.41
Dividend Yield: N/A
Price Target: N/A

CorVel MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
3.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.71
Based on 4 Articles This Week
Insider Trading: Selling Shares
$9.96 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Business Services Sector

284th out of 327 stocks

Insurance Agents, Brokers, & Service Industry

14th out of 17 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for CorVel.

4.0

Short Interest

Percentage of Shares Shorted
3.02% of the float of CorVel has been sold short.
Short Interest Ratio / Days to Cover
CorVel has a short interest ratio ("days to cover") of 6.6.
Change versus previous month
Short interest in CorVel has recently decreased by 5.75%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
CorVel does not currently pay a dividend.
Dividend Growth
CorVel does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CRVL.

3.2

News and Social Media Coverage

News Sentiment
CorVel has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for CorVel this week, compared to 1 article on an average week.
Search Interest
1 people have searched for CRVL on MarketBeat in the last 30 days.
MarketBeat Follows
Only 2 people have added CorVel to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CorVel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,956,502.00 in company stock.
Percentage Held by Insiders
48.56% of the stock of CorVel is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
50.55% of the stock of CorVel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of CorVel is 37.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of CorVel is 37.41, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 218.59.
Price to Book Value per Share Ratio
CorVel has a P/B Ratio of 11.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CorVel (NASDAQ:CRVL) Stock

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. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, Medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review. It also provides a range of patient management services, such as claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life care planning, as well as processing of claims for self-insured payors with respect to property and casualty insurance. The company was incorporated in 1987 and is headquartered in Fort Worth, Texas.

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CRVL Stock News Headlines

September 27, 2022 | benzinga.com

Payment Integrity Leader CERIS Promotes Two Executives to Senior Management Roles - CorVel (NASDAQ:CRVL) - Benzinga

September 20, 2022 | finance.yahoo.com

CorVel's (NASDAQ:CRVL) earnings growth rate lags the 23% CAGR delivered to shareholders

September 20, 2022 | finance.yahoo.com

CorVel Corporation (CRVL)

September 8, 2022 | nasdaq.com

Here's Why We Think CorVel (NASDAQ:CRVL) Is Well Worth Watching - Nasdaq

September 6, 2022 | nasdaq.com

Here's Why We Think CorVel (NASDAQ:CRVL) Is Well Worth Watching

August 24, 2022 | reuters.com

CRVL.OQ - CorVel Corporation | Stock Price & Latest News | Reuters

August 15, 2022 | finance.yahoo.com

Capital Investments At CorVel (NASDAQ:CRVL) Point To A Promising Future

August 9, 2022 | globenewswire.com

Business Insurance Names CorVel's CogencyIQ an Innovation - GlobeNewswire

August 9, 2022 | finance.yahoo.com

Business Insurance Names CorVel’s CogencyIQ an Innovation of the Year

August 8, 2022 | nasdaq.com

Have CorVel Corporation (NASDAQ:CRVL) Insiders Been Selling Their Stock? - Nasdaq

August 6, 2022 | seekingalpha.com

CorVel Corporation (CRVL) CEO Michael Combs on Q1 2022 Results - Earnings Call Transcript - Seeking Alpha

August 3, 2022 | finance.yahoo.com

New Analysis from CorVel Highlights the Impact of COVID-19 on Workers’ Compensation Claims - Yahoo Finance

August 3, 2022 | globenewswire.com

New Analysis from CorVel Highlights the Impact of COVID-19 on Workers' Compensation Claims - GlobeNewswire

July 28, 2022 | streetinsider.com

Form 4 CORVEL CORP For: Jul 26 Filed by: CORSTAR HOLDINGS INC - StreetInsider.com

July 19, 2022 | globenewswire.com

Insurance Third Party Administration Market Size is projected to reach USD 737 billion in 2030, growing at a CAGR of 7.11%: Straits Research - GlobeNewswire

June 15, 2022 | nasdaq.com

Validea Warren Buffett Strategy Daily Upgrade Report - 6/15/2022 - Nasdaq

June 14, 2022 | nasdaq.com

Validea Motley Fool Strategy Daily Upgrade Report - 6/14/2022 - Nasdaq

June 6, 2022 | nasdaq.com

RSI Alert: CorVel (CRVL) Now Oversold - Nasdaq

June 5, 2022 | benzinga.com

CorVel (NASDAQ:CRVL), Analyst Ratings, Price Targets, Predictions

May 28, 2022 | nasdaq.com

Validea Martin Zweig Strategy Daily Upgrade Report - 5/28/2022 - Nasdaq

May 28, 2022 | finance.yahoo.com

CorVel Announces Revenues and Earnings - Yahoo Finance

May 26, 2022 | seekingalpha.com

CorVel Corporation (CRVL) CEO Michael Combs On Q4 2022 Results - Earnings Call Transcript - Seeking Alpha

May 26, 2022 | morningstar.com

North American Morning Briefing: Stocks Futures -2- - Morningstar

May 26, 2022 | in.investing.com

Corvel Corp Tops Q1 EPS by 109c By Investing.com - Investing.com India

May 26, 2022 | seekingalpha.com

CorVel GAAP EPS of $1.09, revenue of $171.35M (NASDAQ:CRVL) - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CRVL Company Calendar

Last Earnings: 8/02/2022
Today: 9/27/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 3/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Insurance agents, brokers, & service
Sub-Industry: Health Care Services
Sector: Business Services
Current Symbol: NASDAQ:CRVL
CUSIP: 22100610
CIK: 874866
Web: www.corvel.com
Phone: (949) 851-1473
Fax: 949-851-1469
Employees: 4,233
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.67
Trailing P/E Ratio: 37.41
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $66.41 million
Net Margins: 9.89%
Pretax Margin: 12.71%
Return on Equity: 30.93%
Return on Assets: 15.78%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.44
Quick Ratio: 1.44

Sales & Book Value

Annual Sales: $646.23 million
Price / Sales: 3.73
Cash Flow: $4.97 per share
Price / Cash Flow: 27.62
Book Value: $12.05 per share
Price / Book: 11.39

Miscellaneous

Outstanding Shares: 17,548,000
Free Float: 9,027,000
Market Cap: $2.41 billion
Optionable: Optionable
Beta: 0.97

Key Executives

Mr. Michael G. Combs (Age 58)
Pres & CEO
Comp: $1.11M

Mr. Brandon T. O'Brien (Age 42)
Chief Financial Officer
Comp: $353.83k

Ms. Jennifer L. Yoss (Age 44)
VP of Accounting
Comp: $238.11k

Mr. Maxim Shishin (Age 47)
Chief Information Officer
Comp: $407.18k

Mr. Victor Gordon Clemons Sr. (Age 78)
Exec. Chairman

Ms. Stefani P. Wendel
Investor Relation

Sharon F. O'Connor
VP of Legal & HR

Mr. Richard J. Schweppe (Age 67)
Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRVL Stock - Frequently Asked Questions

How have CRVL shares performed in 2022?: CorVel's stock was trading at $208.00 at the start of the year. Since then, CRVL shares have decreased by 31.4% and is now trading at $142.75.
View the best growth stocks for 2022 here.
When is CorVel's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our CRVL earnings forecast.
How were CorVel's earnings last quarter?: CorVel Co. (NASDAQ:CRVL) released its quarterly earnings results on Tuesday, August, 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter. The business services provider had revenue of $176.31 million for the quarter. CorVel had a net margin of 9.89% and a trailing twelve-month return on equity of 30.93%.
What is Michael Combs' approval rating as CorVel's CEO?: 85 employees have rated CorVel Chief Executive Officer Michael Combs on Glassdoor.com. Michael Combs has an approval rating of 80% among the company's employees. 53.0% of employees surveyed would recommend working at CorVel to a friend.
What other stocks do shareholders of CorVel own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CorVel investors own include Myers Industries (MYE), British American Tobacco (BTI), Canadian Imperial Bank of Commerce (CM), Dominion Energy (D), Consolidated Edison (ED), Gilead Sciences (GILD), Harley-Davidson (HOG), Helmerich & Payne (HP), International Business Machines (IBM) and Meredith (MDP).

What is CorVel's stock symbol?: CorVel trades on the NASDAQ under the ticker symbol "CRVL."
Who are CorVel's major shareholders?: CorVel's stock is owned by a number of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (11.19%), Renaissance Technologies LLC (4.98%), State Street Corp (1.82%), Price T Rowe Associates Inc. MD (1.60%), Boston Trust Walden Corp (1.36%) and Wells Fargo & Company MN (0.74%). Insiders that own company stock include Alan Hoops, Brandon O'brien, Corstar Holdings Inc, Diane Blaha, Jean Macino, Jeffrey J Michael, Jennifer Yoss, Mark E Bertels, Maxim Shishin, Michael G Combs, R Judd Jessup, Steven J Hamerslag and V Gordon Clemons.
View institutional ownership trends.
How do I buy shares of CorVel?: Shares of CRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CorVel's stock price today?: One share of CRVL stock can currently be purchased for approximately $142.75.
How much money does CorVel make?: CorVel (NASDAQ:CRVL) has a market capitalization of $2.51 billion and generates $646.23 million in revenue each year. The business services provider earns $66.41 million in net income (profit) each year or $3.67 on an earnings per share basis.
How many employees does CorVel have?: The company employs 4,233 workers across the globe.
How can I contact CorVel?: CorVel's mailing address is 1920 Main Street Suite 900, Irvine CA, 92614. The official website for the company is www.corvel.com. The business services provider can be reached via phone at (949) 851-1473, via email at investor_relations@corvel.com, or via fax at 949-851-1469.

This page (NASDAQ:CRVL) was last updated on 9/27/2022 by MarketBeat.com Staff

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CorVel - CRVL Stock Forecast, Price & News

CorVel MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows