Chardan Capital Reaffirms "Buy" Rating for VinFast Auto (NASDAQ:VFS)

VinFast Auto (NASDAQ:VFS - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Chardan Capital in a research report issued on Monday,Benzinga reports. They currently have a $5.50 target price on the stock. Chardan Capital's price target indicates a potential upside of 62.67% from the company's previous close.

A number of other research firms have also recently weighed in on VFS. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $6.00 price target on shares of VinFast Auto in a report on Tuesday, June 10th. BTIG Research lowered shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research report on Friday, April 25th.

VinFast Auto Trading Up 0.0%

VFS traded up $0.00 on Monday, hitting $3.38. 30,223 shares of the company's stock were exchanged, compared to its average volume of 789,035. The stock has a fifty day moving average of $3.46 and a two-hundred day moving average of $3.65. VinFast Auto has a twelve month low of $2.56 and a twelve month high of $5.38. The firm has a market cap of $7.91 billion, a PE ratio of -2.43 and a beta of 0.90.

VinFast Auto (NASDAQ:VFS - Get Free Report) last issued its quarterly earnings data on Monday, June 9th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10). The company had revenue of $677.89 million during the quarter, compared to analysts' expectations of $21,843.17 billion. On average, analysts predict that VinFast Auto will post -1.06 EPS for the current year.

Institutional Trading of VinFast Auto

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in VinFast Auto during the 4th quarter worth about $600,000. Mariner LLC boosted its stake in VinFast Auto by 84.2% in the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after purchasing an additional 11,277 shares during the period. Tidal Investments LLC raised its position in VinFast Auto by 10.9% during the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock valued at $770,000 after buying an additional 18,709 shares during the period. Tower Research Capital LLC TRC acquired a new stake in VinFast Auto during the 4th quarter worth about $26,000. Finally, Jump Financial LLC purchased a new position in VinFast Auto during the 4th quarter valued at about $51,000.

About VinFast Auto

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.

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