VinFast Auto's (VFS) "Buy" Rating Reaffirmed at Chardan Capital

Chardan Capital restated their buy rating on shares of VinFast Auto (NASDAQ:VFS - Free Report) in a research note published on Monday,Benzinga reports. The brokerage currently has a $5.50 price target on the stock.

Several other equities research analysts have also recently commented on the company. BTIG Research cut VinFast Auto from a "buy" rating to a "neutral" rating in a report on Friday, April 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $6.00 price target on shares of VinFast Auto in a research note on Tuesday, June 10th.

VinFast Auto Stock Performance

VFS stock traded up $0.01 during trading on Monday, reaching $3.52. 182,634 shares of the company traded hands, compared to its average volume of 778,381. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of -2.51 and a beta of 0.89. The business has a 50 day simple moving average of $3.48 and a 200 day simple moving average of $3.64. VinFast Auto has a 12 month low of $2.56 and a 12 month high of $5.38.

VinFast Auto (NASDAQ:VFS - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10). The business had revenue of $677.89 million during the quarter, compared to the consensus estimate of $21,843.17 billion. As a group, research analysts forecast that VinFast Auto will post -1.06 EPS for the current year.

Institutional Investors Weigh In On VinFast Auto

Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in VinFast Auto during the fourth quarter worth $600,000. SBI Securities Co. Ltd. acquired a new position in VinFast Auto during the fourth quarter worth approximately $153,000. Tidal Investments LLC grew 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 acquiring an additional 18,709 shares during the period. Jump Financial LLC purchased a new position in VinFast Auto in the fourth quarter valued at approximately $51,000. Finally, Walleye Trading LLC acquired a new position in shares of VinFast Auto during the fourth quarter worth about $46,000.

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.