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

Key Points

• VinFast Auto has received a "buy" rating from Chardan Capital, alongside a price target of $5.50, indicating a potential upside of 55.37%.
• BTIG Research recently downgraded VinFast Auto from a "buy" to a "neutral" rating, contrasting with Cantor Fitzgerald's "overweight" rating and $6.00 target price.
• The company's latest earnings report indicated a loss of ($0.30) EPS, missing analysts' expectations, with revenue dramatically below projections at $677.89 million.

Chardan Capital reiterated their buy rating on shares of VinFast Auto (NASDAQ:VFS - Free Report) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $5.50 price objective on the stock.

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

VinFast Auto Price Performance

Shares of VFS stock traded up $0.11 during trading hours on Thursday, hitting $3.57. The stock had a trading volume of 816,662 shares, compared to its average volume of 481,059. VinFast Auto has a twelve month low of $2.56 and a twelve month high of $5.38. The stock's 50 day moving average is $3.52 and its 200 day moving average is $3.46. The firm has a market capitalization of $8.35 billion, a PE ratio of -2.55 and a beta of 0.91.

VinFast Auto (NASDAQ:VFS - Get Free Report) last released 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 firm had revenue of $677.89 million during the quarter, compared to analyst estimates 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its stake in VinFast Auto by 28.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company's stock valued at $182,000 after purchasing an additional 11,354 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of VinFast Auto by 10.9% during the 4th quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock worth $770,000 after purchasing an additional 18,709 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of VinFast Auto during the 4th quarter worth about $26,000. Jump Financial LLC purchased a new stake in shares of VinFast Auto during the 4th quarter worth about $51,000. Finally, Walleye Trading LLC acquired a new position in VinFast Auto during the 4th quarter worth approximately $46,000.

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.