CorVel Corp (CRVL) stock has reached an impressive milestone, soaring to an all-time high of $332.06. This peak reflects a significant surge in the company's market value, marking a remarkable 67.88% increase over the past year. Investors have shown growing confidence in CorVel's business model and future prospects, as evidenced by the stock's robust performance. The company's success in achieving this record price level underscores its strong financial health and the positive sentiment surrounding its growth trajectory in the market.
InvestingPro Insights
CorVel Corp's recent stock performance aligns with several key metrics and insights from InvestingPro. The company's market capitalization stands at $5.62 billion, reflecting its substantial presence in the industry. CorVel's revenue growth of 12.66% over the last twelve months and 14.76% in the most recent quarter demonstrates its ability to expand its business consistently.
InvestingPro Tips highlight that CorVel has been trading near its 52-week high, which is consistent with the article's mention of the stock reaching an all-time high. Additionally, the company has shown a strong return over the last year and decade, further supporting the 67.88% increase mentioned in the article.
However, investors should note that CorVel is trading at a high P/E ratio of 63.83, which may indicate that the stock is priced at a premium compared to its earnings. This high valuation is also reflected in its Price to Book ratio of 19.16, suggesting that investors are paying a significant premium for the company's assets.
For readers interested in a more comprehensive analysis, InvestingPro offers 13 additional tips for CorVel Corp, providing a deeper understanding of the company's financial position and market performance.
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