Hold 12/1/2023Upgraded
Velocity Financial, Inc. (VEL) was upgraded to C from C- on 12/1/2023 due to a significant increase in the solvency index, valuation index and total return index.

Hold 11/3/2021Upgraded
Velocity Financial, Inc. (VEL) was upgraded to C- from D+ on 11/3/2021 due to a significant increase in the valuation index, growth index and solvency index. Earnings per share increased from $0.1017 to $0.2784, total revenue increased 53.97% from $15.26M to $23.49M, and the quick ratio increased from 7.91 to 9.95.

Sell 8/2/2021Upgraded
Velocity Financial, Inc. (VEL) was upgraded to D+ from D on 8/2/2021 due to a significant increase in the total return index, volatility index and efficiency index. Total capital increased 2.7% from $2.04B to $2.1B.

Sell 2/1/2021Upgraded
Velocity Financial, Inc. (VEL) was upgraded to D from D- on 2/1/2021 due to a noticeable increase in the growth index, total return index and solvency index. The quick ratio increased from 9.16 to 27.5, earnings per share increased from -$2.3306 to $0.11, and total revenue increased 5.69% from $15.01M to $15.87M.

Sell 10/1/2020Upgraded
Velocity Financial, Inc. (VEL) was upgraded to D- from E on 10/1/2020 due to an increase in the volatility index and total return index.

Sell 7/1/2020Upgraded
Velocity Financial, Inc. (VEL) was upgraded to E from E- on 7/1/2020 due to an increase in the solvency index. Debt to equity declined from 13.13 to 7.78, and the quick ratio increased from 4.14 to 5.67.

Sell 4/14/2020None
Velocity Financial, Inc. (VEL) was downgraded to E- from U on 04/14/2020.