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Velocity Financial NYSE:VEL Stock Report

Last Price

US$19.24

Market Cap

US$638.7m

7D

-0.3%

1Y

49.3%

Updated

05 Nov, 2024

Data

Company Financials +

Velocity Financial, Inc.

NYSE:VEL Stock Report

Market Cap: US$638.7m

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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$19.24
52 Week HighUS$20.37
52 Week LowUS$12.51
Beta1.03
11 Month Change-1.48%
3 Month Change5.25%
1 Year Change49.26%
33 Year Change44.99%
5 Year Changen/a
Change since IPO42.41%

Recent News & Updates

Velocity Financial Should Continue To Do Well

Sep 26

Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet

May 11
Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet

Recent updates

Velocity Financial Should Continue To Do Well

Sep 26

Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet

May 11
Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet

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
7D-0.3%-1.4%-1.9%
1Y49.3%30.2%30.4%

Return vs Industry: VEL exceeded the US Diversified Financial industry which returned 30.2% over the past year.

Return vs Market: VEL exceeded the US Market which returned 30.4% over the past year.

Price Volatility

Is VEL's price volatile compared to industry and market?
VEL volatility
VEL Average Weekly Movement1.8%
Diversified Financial Industry Average Movement4.8%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.9%

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

Volatility Over Time: VEL's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004253Chris Farrarwww.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$638.68m
Earnings (TTM)US$60.67m
Revenue (TTM)US$151.52m

10.5x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VEL income statement (TTM)
RevenueUS$151.52m
Cost of RevenueUS$38.11m
Gross ProfitUS$113.41m
Other ExpensesUS$52.74m
EarningsUS$60.67m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 07, 2024

Earnings per share (EPS)1.83
Gross Margin74.85%
Net Profit Margin40.04%
Debt/Equity Ratio897.4%

How did VEL perform over the long term?

See historical performance and comparison