Velocity Acquisition (Nasdaq:VELO) - Stock Price, News & Analysis

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VELO Stock Overview

Velocity Acquisition Corp. does not have significant operations. More details

VELO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

Rewards

Earnings grew by 21.7% over the past year

Risk Analysis

Negative shareholders equity

Makes less than USD$1m in revenue ($0)

Less than 3 years of financial data is available

Velocity Acquisition Corp. Competitors

ASA Gold and Precious Metals

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Helios Fairfax Partners

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US$293.2m

SK Growth Opportunities

NasdaqGM:SKGR

US$172.5m

Churchill Capital Corp V

NYSE:CCV

US$283.5m

Price History & Performance

Summary of all time highs, changes and price drops for Velocity Acquisition
Historical stock prices
Current Share Price	US$10.02
52 Week High	US$10.18
52 Week Low	US$9.61
Beta	0
11 Month Change	-0.20%
3 Month Change	2.04%
1 Year Change	2.98%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	n/a

Recent updates

Shareholder Returns

	VELO	US Capital Markets	US Market
7D	-0.9%	2.5%	1.6%
1Y	3.0%	55.7%	32.3%

Return vs Industry: VELO exceeded the US Capital Markets industry which returned -22.8% over the past year.

Return vs Market: VELO exceeded the US Market which returned -22% over the past year.

Price Volatility

Is VELO's price volatile compared to industry and market?
VELO volatility
VELO Average Weekly Movement	0.4%
Capital Markets Industry Average Movement	3.8%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.2%
10% least volatile stocks in US Market	3.1%

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

Volatility Over Time: VELO's weekly volatility (0%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2020	n/a	Adrian Covey	velocityacq.co

Velocity Acquisition Corp. does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in digital transformation businesses. The company was incorporated in 2020 and is based in Ridgefield, Connecticut.

Velocity Acquisition Corp. Fundamentals Summary

How do Velocity Acquisition's earnings and revenue compare to its market cap?
VELO fundamental statistics
Market cap	US$288.08m
Earnings (TTM)	US$9.28m
Revenue (TTM)	n/a

31.0x

P/E Ratio

0.0x

P/S Ratio

Is VELO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VELO income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	-US$9.28m
Earnings	US$9.28m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.32
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did VELO perform over the long term?

See historical performance and comparison

Velocity Acquisition NasdaqCM:VELO Stock Report