VinFast Auto (NASDAQ:VFS) Announces Earnings Results

VinFast Auto (NASDAQ:VFS - Get Free Report) issued its earnings results on Monday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10), Zacks reports. The business had revenue of $677.89 million during the quarter, compared to analyst estimates of $21,843.17 billion.

VinFast Auto Price Performance

Shares of VFS stock traded down $0.02 during trading hours on Thursday, hitting $3.54. The company had a trading volume of 443,894 shares, compared to its average volume of 829,286. The stock has a market capitalization of $8.28 billion, a PE ratio of -3.22 and a beta of 0.89. VinFast Auto has a fifty-two week low of $2.56 and a fifty-two week high of $5.38. The company's fifty day moving average is $3.36 and its 200 day moving average is $3.70.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VFS shares. BTIG Research lowered shares of VinFast Auto from a "buy" rating to a "neutral" rating in a report on Friday, April 25th. Chardan Capital reiterated a "buy" rating and issued a $5.50 price objective on shares of VinFast Auto in a research report on Tuesday. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $6.00 target price on shares of VinFast Auto in a research report on Tuesday.

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.