Chardan Capital Reaffirms Buy Rating for VinFast Auto (NASDAQ:VFS)

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

A number of other equities analysts also recently commented on VFS. Cantor Fitzgerald reiterated an "overweight" rating and issued a $6.00 price target on shares of VinFast Auto in a research note on Tuesday, June 10th. BTIG Research lowered shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, VinFast Auto has an average rating of "Moderate Buy" and a consensus price target of $5.75.

VinFast Auto Stock Up 0.4%

Shares of NASDAQ:VFS traded up $0.0150 during midday trading on Thursday, reaching $3.5250. The company's stock had a trading volume of 220,258 shares, compared to its average volume of 546,644. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of -2.52 and a beta of 0.91. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $5.38. The business has a 50 day moving average price of $3.52 and a 200 day moving average price of $3.45.

VinFast Auto (NASDAQ:VFS - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10). The firm had revenue of $677.89 million during the quarter, compared to the consensus estimate of $21,843.17 billion. Sell-side analysts anticipate that VinFast Auto will post -1.06 earnings per share for the current fiscal year.

Institutional Trading of VinFast Auto

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in shares of VinFast Auto during the fourth quarter worth $26,000. Walleye Trading LLC acquired a new stake in shares of VinFast Auto during the fourth quarter worth $46,000. Jump Financial LLC acquired a new stake in shares of VinFast Auto during the fourth quarter worth $51,000. State of Wyoming acquired a new stake in shares of VinFast Auto during the second quarter worth $63,000. Finally, Mariner LLC boosted its position in shares of 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 during the period.

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.