Velocity Composites (LON:VEL) Shares Up 14.2% – Time to Buy?

Posted by Mickey Rousseau on Jan 29th, 2025

Velocity Composites plc (LON:VEL – Get Free Report)’s share price was up 14.2% during mid-day trading on Wednesday . The stock traded as high as GBX 33.67 ($0.42) and last traded at GBX 32.56 ($0.41). Approximately 177,282 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 109,888 shares. The stock had previously closed at GBX 28.50 ($0.35).

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VEL shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 ($0.75) target price on shares of Velocity Composites in a report on Thursday, December 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 60 ($0.75) price objective on shares of Velocity Composites in a research report on Thursday, December 12th.

Read Our Latest Report on Velocity Composites

Velocity Composites Stock Performance

The company has a debt-to-equity ratio of 50.50, a quick ratio of 2.66 and a current ratio of 1.75. The firm’s 50 day simple moving average is GBX 26.04 and its 200 day simple moving average is GBX 32.79. The firm has a market capitalization of £16.98 million, a price-to-earnings ratio of -396.88 and a beta of 1.53.

Insider Activity at Velocity Composites

In related news, insider Jonathan Karl Bridges sold 150,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of GBX 25 ($0.31), for a total value of £37,500 ($46,659.20). Company insiders own 40.10% of the company’s stock.

About Velocity Composites

(Get Free Report)

Velocity Composites plc, together with its subsidiaries, offers engineered composite material kits to the aerospace industry in the United Kingdom, Europe, the United States, and internationally. It provides structural material kits, such as ply generation, shape management and configuration control, life management, and cutting and supply service, as well as materials comprising woven fabrics, unidirectional fabrics, impregnated metallic meshes, and film adhesives.