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Velocity Financial NYSE:VEL Stock Report

Last Price

US$18.19

Market Cap

US$579.2m

7D

3.4%

1Y

104.6%

Updated

26 Mar, 2024

Data

Company Financials +

Velocity Financial, Inc.

NYSE:VEL Stock Report

Market Cap: US$579.2m

VEL Stock Overview

Velocity Financial, Inc. operates as a real estate finance company in the United States.

VEL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health3/6
Dividends0/6

Velocity Financial, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Velocity Financial
Historical stock prices
Current Share PriceUS$18.19
52 Week HighUS$19.08
52 Week LowUS$8.11
Beta1.03
1 Month Change12.49%
3 Month Change9.71%
1 Year Change104.61%
3 Year Change102.46%
5 Year Changen/a
Change since IPO34.64%

Recent News & Updates

Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price

Jan 05
Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price

Recent updates

Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price

Jan 05
Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price

Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?

Nov 08
Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?

Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?

Aug 09
Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?

Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity

Jun 07
Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity

Velocity Financial GAAP EPS of $0.29 in-line, revenue of $26.78M misses by $0.86M

Nov 03

Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

May 09
Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?

Jan 19
How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?

Shareholder Returns

VELUS Diversified FinancialUS Market
7D3.4%-0.02%0.6%
1Y104.6%33.2%29.5%

Return vs Industry: VEL exceeded the US Diversified Financial industry which returned 32.5% over the past year.

Return vs Market: VEL exceeded the US Market which returned 29.8% over the past year.

Price Volatility

Is VEL's price volatile compared to industry and market?
VEL volatility
VEL Average Weekly Movement4.8%
Diversified Financial Industry Average Movement5.3%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: VEL has not had significant price volatility in the past 3 months.

Volatility Over Time: VEL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004253Chris Farrarhttps://www.velfinance.com

Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties.

Velocity Financial, Inc. Fundamentals Summary

How do Velocity Financial's earnings and revenue compare to its market cap?
VEL fundamental statistics
Market capUS$579.20m
Earnings (TTM)US$51.52m
Revenue (TTM)US$119.27m

11.6x

P/E Ratio

5.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VEL income statement (TTM)
RevenueUS$119.27m
Cost of RevenueUS$31.07m
Gross ProfitUS$88.20m
Other ExpensesUS$36.68m
EarningsUS$51.52m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)1.56
Gross Margin73.95%
Net Profit Margin43.20%
Debt/Equity Ratio880.3%

How did VEL perform over the long term?

See historical performance and comparison
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