CorVel (NASDAQ:CRVL) Upgraded by BidaskClub to Buy

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CorVel stock has undergone multiple analysts rating changes in the recent past.  CorVel Upgraded by BidaskClub on 6/30/2020. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of CorVel traded up $1.81 on Monday, reaching $72.55. 0 shares of the stock traded hands, compared to its average volume of 98027. Shares of CorVel ended Monday on at $72.55. The firm’s 50 day moving average is $59.78 and its 200 day moving average is $72.71.CorVel  has a 12 month low of $71.10 and a 12 month high of $96.45. While on yearly highs and lows, CorVel’s today has traded high as $72.75 and has touched $71.10 on the downward trend. See More Analyst Rating at: RATING

CorVel Earnings and What to expect: 

CorVel last released its quarterly earnings results on May 27th, 2020. The business services provider reported $0.64 EPS for the quarter. The business had revenue of $147.02 million for the quarter. CorVel has generated $0.00 earnings per share over the last year and currently has a price-to-earnings ratio of 28.6. CorVel has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

The P/E ratio of CorVel is 28.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.06. The P/E ratio of CorVel is 28.56, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 22.03. CorVel has a P/B Ratio of 6.92. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 50.38%
  • On 6/29/2020 Chairman V Gordon Clemons Sell 1,500 at average share price of $71.86 which equates to $107,790.00 in money value.
  • On 6/26/2020 Chairman V Gordon Clemons Sell 1,500 at average price of  $70.67 with total value of : Not Data Available
  • On 6/24/2020 Chairman V Gordon Clemons Sell 3,000 at average price of  $67.07 with total value of : $201,210.00

Analyst at BidaskClub are also talking about :

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  • 6/30/2020 – VSE was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/30/2020 – Verisign was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

CorVel (NASDAQ:CRVL) Moving Average Technical Analysis

5 day Moving Average is $69.91 And 5 day price change is $5.62 (8.40%)  with average volume for 5 day average is 89,880. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $68.40 and 20 day price change is $4.90 (7.24%) and average 20 day moving volume is 87,250. 50 day moving average is $59.78  and 50 day price change is $15.87 ( 28.00%)  and with average volume for 50 days is : 82,742. 200 day moving average is $72.71  and 200 day price change is -$7.79 (-9.70%)  and with average volume for 200 days is : 70,177.

See More Analyst Rating at: RATING