VinFast Auto (NASDAQ:VFS) Issues Quarterly Earnings Results

Key Points

• VinFast Auto reported a quarterly loss of ($0.35) EPS, missing expectations by $0.10, and generated revenue of $662.99 million, below analyst projections of $679.61 million.
• Several analysts have issued ratings for VinFast, with Chardan Capital maintaining a "buy" rating and a price target of $5.50, while Cantor Fitzgerald set a price objective of $6.00.
• An institutional investor, the State of Wyoming, purchased a new stake in VinFast Auto, acquiring 17,714 shares valued at approximately $63,000.

VinFast Auto (NASDAQ:VFS - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.10), Zacks reports. The business had revenue of $662.99 million for the quarter, compared to analysts' expectations of $679.61 million.

VinFast Auto Price Performance

VinFast Auto stock opened at $3.34 on Friday. The firm has a market capitalization of $7.81 billion, a PE ratio of -2.39 and a beta of 0.91. The company's 50-day moving average is $3.50 and its 200-day moving average is $3.42. VinFast Auto has a fifty-two week low of $2.56 and a fifty-two week high of $5.38.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VFS. Chardan Capital reiterated a "buy" rating and issued a $5.50 price target on shares of VinFast Auto in a research note on Friday. Cantor Fitzgerald restated an "overweight" rating and set a $6.00 price objective on shares of VinFast Auto in a research note on Friday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $5.75.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VinFast Auto stock. State of Wyoming purchased a new stake in VinFast Auto Ltd. (NASDAQ:VFS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,714 shares of the company's stock, valued at approximately $63,000.

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.

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