VEL Stock Summary and Trading Ideas (Velocity Financial | NYSE:VEL)

Velocity Financial Inc is a United States-based real estate finance company. The company originates and manages investor loans secured by residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.

Velocity Financial trades on the NYSE stock market under the symbol VEL.

As of April 26, 2024, VEL stock price climbed to $17.01 with 7,932 million shares trading.

VEL has a beta of 1.02, meaning it tends to be more sensitive to market movements. VEL has a correlation of 0.13 to the broad based SPY ETF.

VEL has a market cap of $560.74 million. This is considered a Small Cap stock.

Last quarter Velocity Financial reported $52 million in Revenue and $.46 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.08.

In the last 3 years, VEL stock traded as high as $19.08 and as low as $7.81.

The top ETF exchange traded funds that VEL belongs to (by Net Assets): VTI, IWM, VXF, BSVO, IWN.

VEL has outperformed the market in the last year with a price return of +93.5% while the SPY ETF gained +27.4%. VEL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.4% and +3.2%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

VEL support price is $16.17 and resistance is $17.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VEL stock will trade within this expected range on the day.