Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate CorVel Corp before investing.

In this article, we go over a few key elements for understanding CorVel Corp’s stock price such as:

• CorVel Corp’s current stock price and volume
• Why CorVel Corp’s stock price changed recently
• Upgrades and downgrades for CRVL from analysts
• CRVL’s stock price momentum as measured by its relative strength

About CorVel Corp (CRVL)

Before we jump into CorVel Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

CorVel Corporation is engaged in applying technology, including artificial intelligence, machine learning, and natural language processing designed to address the management of episodes of care and the related health-care costs. The Company's services include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and Medicare services. It partners with employers, third party administrators (TPAs), insurance companies, and government agencies to assist its customers in managing the medical costs of workers compensation, group health, and auto insurance and in monitoring the quality of care provided to claimants. Its network solutions services include professional nurse review, expert fee negotiations, specialty networks, preferred provider organization management, medical bill repricing, automated adjudication, and electronic reimbursement. Its bill review services include coding review and re-bundling.

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CorVel Corp’s Stock Price as of Market Close

As of May 28, 2024, 4:00 PM, CST, CorVel Corp’s stock price was $253.89.

CorVel Corp is down 8.21% from its previous closing price of $276.60.

During the last market session, CorVel Corp’s stock traded between $274.63 and $279.34. Currently, there are 17.11 million shares of CorVel Corp stock available for purchase.

CorVel Corp’s price-earnings (P/E) ratio is currently at 62.9, which is high compared to the Healthcare Facilities & Services industry median of 22.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

CorVel Corp Stock Price History

CorVel Corp’s (CRVL) price is currently up 6.3% so far this month.

During the month of May, CorVel Corp’s stock price has reached a high of $281.41 and a low of $236.28.

Over the last year, CorVel Corp has hit prices as high as $281.41 and as low as $187.92. Year to date, CorVel Corp’s stock is up 74.7%.

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What Caused CorVel Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 24, 2024, there were analysts who downgraded CorVel Corp’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate CorVel Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on CorVel Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

CorVel Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about CorVel Corp (CRVL) by visiting AAII Stock Evaluator.

Relative Price Strength of CorVel Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 24, 2024, CorVel Corp has a weighted four-quarter relative price strength of 2.72%, which translates to a Momentum Score of 74 and is considered to be Strong.

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CorVel Corp Stock Price: Bottom Line

As of May 28, 2024, CorVel Corp’s stock price is $253.89, which is down 8.21% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like CorVel Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.