Velocity Financial Inc. [NYSE: VEL] gained 36.61% on the last trading session, reaching $12.50 price per share at the time. The company report on May 7, 2021 that Velocity Financial, Inc. Reports First Quarter 2021 Results.
First Quarter Highlights:.
Net income of $3.40 million and core income(1) of $6.72 million; diluted EPS of $0.10 and Core diluted EPS of $0.20.
Velocity Financial Inc. represents 20.09 million in outstanding shares, while the company has a total market value of $258.88 million with the latest information. VEL stock price has been found in the range of $9.03 to $12.75.
If compared to the average trading volume of 26.59K shares, VEL reached a trading volume of 2062329 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Velocity Financial Inc. [VEL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VEL shares is $10.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VEL stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Velocity Financial Inc. is set at 0.60, with the Price to Sales ratio for VEL stock in the period of the last 12 months amounting to 1.48. The Price to Book ratio for the last quarter was 1.14, with the Price to Cash per share for the same quarter was set at 0.64. Price to Free Cash Flow for VEL in the course of the last twelve months was 4.78.
Trading performance analysis for VEL stock
Velocity Financial Inc. [VEL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 37.97. With this latest performance, VEL shares gained by 41.80% in over the last four-week period, additionally plugging by 177.78% over the last 6 months – not to mention a rise of 295.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VEL stock in for the last two-week period is set at 82.15, with the RSI for the last a single of trading hit 87.47, and the three-weeks RSI is set at 78.22 for Velocity Financial Inc. [VEL]. The present Moving Average for the last 50 days of trading for this stock 8.72, while it was recorded at 9.74 for the last single week of trading, and 6.38 for the last 200 days.
Velocity Financial Inc. [VEL]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Velocity Financial Inc. [VEL] shares currently have an operating margin of +71.45 and a Gross Margin at +94.08. Velocity Financial Inc.’s Net Margin is presently recorded at +10.28.
Return on Total Capital for VEL is now 5.88, given the latest momentum, and Return on Invested Capital for the company is 0.96. Return on Equity for this stock inclined to 9.55, with Return on Assets sitting at 0.82. When it comes to the capital structure of this company, Velocity Financial Inc. [VEL] has a Total Debt to Total Equity ratio set at 831.12. Additionally, VEL Total Debt to Total Capital is recorded at 89.26, with Total Debt to Total Assets ending up at 86.63. Long-Term Debt to Equity for the company is recorded at 795.82, with the Long-Term Debt to Total Capital now at 85.47.
Reflecting on the efficiency of the workforce at the company, Velocity Financial Inc. [VEL] managed to generate an average of $101,583 per employee. Receivables Turnover for the company is 2.24 with a Total Asset Turnover recorded at a value of 0.08.
Velocity Financial Inc. [VEL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Velocity Financial Inc. posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VEL.
An analysis of insider ownership at Velocity Financial Inc. [VEL]
There are presently around $189 million, or 100.00% of VEL stock, in the hands of institutional investors. The top three institutional holders of VEL stocks are: SNOW PHIPPS GROUP, LLC with ownership of 7,077,961, which is approximately New of the company’s market cap and around 2.10% of the total institutional ownership; ALLIANZ ASSET MANAGEMENT GMBH, holding 6,144,258 shares of the stock with an approximate value of $56.22 million in VEL stocks shares; and BEACH POINT CAPITAL MANAGEMENT LP, currently with $18.7 million in VEL stock with ownership of nearly 2.471% of the company’s market capitalization.
Positions in Velocity Financial Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 10 institutional holders increased their position in Velocity Financial Inc. [NYSE:VEL] by around 7,497,125 shares. Additionally, 17 investors decreased positions by around 630,642 shares, while 4 investors held positions by with 12,493,041 shares. The mentioned changes placed institutional holdings at 20,620,808 shares, according to the latest SEC report filing. VEL stock had 2 new institutional investments in for a total of 7,179,608 shares, while 8 institutional investors sold positions of 558,085 shares during the same period.