CRVL Stock Summary and Trading Ideas (Corvel Corp. | NASDAQ:CRVL)

CorVel Corp 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. It partners with employers, third-party administrators, insurance companies and government agencies in managing worker's compensation and health, auto and liability services. The company's solutions combine integrated technologies with a human touch. CorVel's customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients.

Corvel Corp. trades on the NASDAQ stock market under the symbol CRVL.

As of May 2, 2024, CRVL stock price climbed to $241.57 with 38,225 million shares trading.

CRVL has a beta of 0.57, meaning it tends to be less sensitive to market movements. CRVL has a correlation of 0.06 to the broad based SPY ETF.

CRVL has a market cap of $4.13 billion. This is considered a Mid Cap stock.

In the last 3 years, CRVL stock traded as high as $265.14 and as low as $114.93.

The top ETF exchange traded funds that CRVL belongs to (by Net Assets): IJR, VTI, VB, IWM, VBK.

CRVL has underperformed the market in the last year with a return of +18.0%, while the SPY ETF gained +23.2%. In the last 3 month period, CRVL fell short of the market, returning -1.0%, while SPY returned +3.6%. However, in the most recent 2 weeks CRVL has outperformed the stock market by returning +4.0%, while SPY returned +0.9%.

CRVL support price is $236.18 and resistance is $245.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRVL stock will trade within this expected range on the day.