VinFast Auto (NASDAQ:VFS) Given Buy Rating at Chardan Capital

VinFast Auto (NASDAQ:VFS - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Chardan Capital in a research report issued on Tuesday,Benzinga reports. They currently have a $5.50 target price on the stock. Chardan Capital's price target indicates a potential upside of 56.70% from the stock's current price.

Separately, 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 Down 1.7%

Shares of NASDAQ VFS traded down $0.06 during mid-day trading on Tuesday, hitting $3.51. The company had a trading volume of 654,243 shares, compared to its average volume of 841,694. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $5.38. The stock's 50-day moving average price is $3.34 and its 200-day moving average price is $3.70. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of -3.19 and a beta of 0.89.

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 firm had revenue of $677.89 million for the quarter, compared to analysts' expectations of $21,843.17 billion. As a group, equities research analysts forecast that VinFast Auto will post -1.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VFS. SBI Securities Co. Ltd. purchased a new position in shares of VinFast Auto in the 4th quarter worth about $153,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in VinFast Auto in the fourth quarter worth approximately $600,000. Mariner LLC grew its position in VinFast Auto by 84.2% during the fourth quarter. Mariner LLC now owns 24,666 shares of the company's stock valued at $99,000 after acquiring an additional 11,277 shares during the last quarter. Walleye Trading LLC purchased a new position in shares of VinFast Auto during the fourth quarter worth approximately $46,000. Finally, Jump Financial LLC bought a new stake in shares of VinFast Auto in the 4th quarter worth approximately $51,000.

VinFast Auto Company Profile

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.