Previous close | 10.95 |
Open | 11.09 |
Bid | 9.11 x 1000 |
Ask | 13.00 x 1000 |
Day's range | 11.09 - 11.57 |
52-week range | 9.11 - 14.00 |
Volume | |
Avg. volume | 15,672 |
Market cap | 364.974M |
Beta (5Y monthly) | 1.13 |
PE ratio (TTM) | 11.24 |
EPS (TTM) | 0.84 |
Earnings date | 03 Aug 2022 - 08 Aug 2022 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 14.25 |
Velocity Financial (VEL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Velocity Financial (VEL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
WESTLAKE VILLAGE, Calif., June 08, 2022--Velocity Financial, Inc. (NYSE: VEL) ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that Kroll Bond Rating Agency ("KBRA") has upgraded and affirmed the ratings on the 15 outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC ("VCC"). The rating actions occurred in conjunction with the completion of KBRA’s comprehensive surveillance review.