Last Updated: 09 Nov 2024
Executive Summary
Velocity Financial LLC (VEL) is a real estate finance company headquartered in Westlake Village, California. The company has a market capitalization of $656.2 million and trades on the NYSE. VEL's latest stock price is $19.82.
Company Overview
Velocity Financial provides a range of real estate financing solutions to borrowers in the United States. The company's products include bridge loans, construction loans, and permanent financing. VEL also offers a variety of advisory services to its clients.
Fundamental Analysis
VEL's financial performance has been strong in recent years. The company's revenue has grown by an average of 15% per year over the past three years. VEL's net income has also grown steadily, increasing by an average of 20% per year over the past three years.
VEL's financial ratios are also healthy. The company's debt-to-equity ratio is 0.5, which is below the industry average. VEL's return on equity is 14.3%, which is above the industry average.
Technical Analysis
VEL's stock price has been trending higher in recent months. The stock has broken out of a resistance level at $19.50 and is now trading near its 52-week high. VEL's technical indicators are also bullish. The stock's relative strength index (RSI) is above 70, which indicates that the stock is overbought. However, VEL's moving average convergence divergence (MACD) is above its signal line, which indicates that the stock's momentum is still positive.
Short Term Outlook
VEL's stock price is expected to continue to rise in the short term. The stock is trading above its key moving averages and its technical indicators are bullish. However, investors should be aware that the stock is overbought and could be due for a pullback.
Long Term Outlook
VEL's long-term outlook is positive. The company's financial performance has been strong and its technical indicators are bullish. VEL is also well-positioned to benefit from the growing demand for real estate financing in the United States.
Analyst Recommendations
Analysts are bullish on VEL's stock. The consensus analyst rating for VEL is "Buy." The average analyst target price for VEL is $20.75.
