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

VinFast Auto (NASDAQ:VFS - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Chardan Capital in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $5.50 target price on the stock. Chardan Capital's target price suggests a potential upside of 56.25% from the stock's current price. Chardan Capital also issued estimates for VinFast Auto's FY2025 earnings at ($1.13) EPS and FY2026 earnings at ($0.90) EPS.

Separately, BTIG Research downgraded shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research note on Friday, April 25th.

VinFast Auto Price Performance

Shares of NASDAQ:VFS traded down $0.02 during trading hours on Tuesday, hitting $3.52. 219,977 shares of the company's stock traded hands, compared to its average volume of 824,410. The firm has a market capitalization of $8.23 billion, a P/E ratio of -3.20 and a beta of 0.89. The business has a fifty day moving average price of $3.39 and a 200-day moving average price of $3.69. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $5.38.

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

Hedge Funds Weigh In On VinFast Auto

Several institutional investors have recently made changes to their positions in VFS. Tower Research Capital LLC TRC bought a new position in VinFast Auto during the 4th quarter worth about $26,000. Walleye Trading LLC bought a new position in shares of VinFast Auto during the fourth quarter valued at approximately $46,000. Jump Financial LLC purchased a new position in VinFast Auto during the fourth quarter valued at approximately $51,000. Mariner LLC raised its stake in VinFast Auto by 84.2% in the fourth quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after buying an additional 11,277 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in VinFast Auto in the fourth quarter worth approximately $153,000.

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.