VinFast Auto (NASDAQ:VFS) Shares Gap Down - Should You Sell?

Key Points

• VinFast shares fell 6.6%, opening at $3.02 after previously closing at $3.12, and last traded near $2.96. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans positive: three analysts rate VinFast a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and an average price target of $5.50.
• VinFast reported a quarterly loss of $0.02 per share on $1.15 billion in revenue, while analysts expect a full-year loss of $1.60 per share. Several institutional investors, including Bank of America and Renaissance Technologies, increased their holdings.

Shares of VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $3.12, but opened at $3.02. VinFast Auto shares last traded at $2.9640, with a volume of 303,551 shares.

Wall Street Analysts Forecast Growth

VFS has been the subject of several recent research reports. Weiss Ratings upgraded VinFast Auto from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, October 6th. Chardan Capital reiterated a "buy" rating and issued a $5.50 price objective on shares of VinFast Auto in a research note on Friday. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, VinFast Auto currently has a consensus rating of "Moderate Buy" and an average target price of $5.50.

VinFast Auto Stock Down 6.6%

The firm has a market cap of $6.83 billion, a PE ratio of -1.58 and a beta of 0.68. The stock has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $3.40.

VinFast Auto (NASDAQ:VFS - Get Free Report) last announced its quarterly earnings data on Monday, October 19th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $1.15 billion for the quarter. Research analysts expect that VinFast Auto Ltd. will post -1.60 earnings per share for the current year.

Institutional Trading of VinFast Auto

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of VinFast Auto by 525.3% during the first quarter. Bank of America Corp DE now owns 189,098 shares of the company's stock valued at $728,000 after purchasing an additional 158,855 shares in the last quarter. Renaissance Technologies LLC raised its position in VinFast Auto by 157.0% in the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company's stock worth $120,000 after buying an additional 19,000 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of VinFast Auto by 3.2% in the 1st quarter. Lazard Asset Management LLC now owns 185,329 shares of the company's stock worth $714,000 after buying an additional 5,744 shares during the last quarter.

VinFast Auto Company Profile

VinFast Auto Ltd. is a Vietnamese automotive company focused on developing, manufacturing and selling electric vehicles. Its product portfolio includes electric sport utility vehicles, cars, scooters and buses, along with related batteries, charging solutions and vehicle services.

Founded in 2017 as part of Vietnam's Vingroup ecosystem, VinFast began vehicle production at its manufacturing complex in Hai Phong, Vietnam. The company has expanded its sales and market activities beyond Vietnam, serving customers in international markets including North America and parts of Asia.

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