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Velocity Financial, Inc. (VEL)

Stock Price: $4.35 USD 0.08 (1.87%)
Updated Oct 30, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 87.38M
Revenue (ttm) 61.43M
Net Income (ttm) -35.17M
Shares Out 20.09M
EPS (ttm) 123.83
PE Ratio 0.04
Forward PE n/a
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 30, 2020
Last Price $4.35
Previous Close $4.27
Change ($) 0.08
Change (%) 1.87%
Day's Open 4.29
Day's Range 4.20 - 4.38
Day's Volume 13,091
52-Week Range 2.24 - 14.90

More Stats

Market Cap 87.38M
Enterprise Value 1.91B
Earnings Date (est) n/a
Ex-Dividend Date n/a
Shares Outstanding 20.09M
Float 12.81M
EPS (basic) n/a
EPS (diluted) 123.83
FCF / Share n/a
Dividend n/a
Dividend Yield n/a
Earnings Yield 2,846.67%
FCF Yield n/a
Payout Ratio n/a
Shares Short 385,944
Short Ratio 9.31
Short % of Float 3.01%
Beta n/a
PE Ratio 0.04
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 1.42
PB Ratio 0.41
Revenue 61.43M
Operating Income 20.17M
Net Income -35.17M
Free Cash Flow n/a
Net Cash -1.82B
Net Cash / Share -90.53
Gross Margin 84.55%
Operating Margin 32.84%
Profit Margin -57.30%
FCF Margin n/a
ROA 0.68%
ROE 5.86%
ROIC 0.50%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (4)

Buy 3
Overweight 1
Hold 0
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$6.12*
(40.69% upside)
Low
5.00
Current: $4.35
High
7.50
Target: 6.12
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016
Revenue60.5251.4138.1326.85
Revenue Growth17.72%34.84%42%-
Gross Profit60.5251.4138.1326.85
Operating Income25.4019.2513.996.80
Net Income17.297.6313.996.80
Shares Outstanding19.0019.00--
Operating Cash Flow-105-72.4937.6429.77
Capital Expenditures-2.00-1.70-3.08-2.92
Free Cash Flow-107-74.1934.5626.85
Cash & Equivalents27.5516.6815.73-
Total Debt2,0061,5451,194-
Net Cash / Debt-1,978-1,528-1,178-
Assets2,2151,7351,372-
Liabilities2,0621,5721,216-
Book Value153163156-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Velocity Financial, Inc.
Country United States
Employees 262
CEO Christopher D. Farrar

Stock Information

Ticker Symbol VEL
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Mortgage Finance
Unique Identifier NYSE: VEL
IPO Date January 17, 2020

Description

Velocity Financial operates as a real estate finance company in the United States. The company primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. It offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.