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

Chardan Capital reissued their buy rating on shares of VinFast Auto (NASDAQ:VFS - Free Report) in a research report sent to investors on Monday,Benzinga reports. Chardan Capital currently has a $5.50 price target on the stock.

A number of other research analysts have also recently weighed in on the company. Cantor Fitzgerald restated an "overweight" rating and issued a $6.00 price target on shares of VinFast Auto in a research report on Tuesday, June 10th. BTIG Research downgraded shares of VinFast Auto from a "buy" rating to a "neutral" rating in a report on Friday, April 25th.

VinFast Auto Price Performance

VinFast Auto stock traded up $0.03 during mid-day trading on Monday, reaching $3.53. The company had a trading volume of 302,850 shares, compared to its average volume of 758,915. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $5.38. The company has a market capitalization of $8.26 billion, a P/E ratio of -2.52 and a beta of 0.92. The stock's 50-day simple moving average is $3.54 and its 200-day simple moving average is $3.58.

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

Hedge Funds Weigh In On VinFast Auto

Several hedge funds have recently bought and sold shares of VFS. Tidal Investments LLC increased its position in 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 in the last quarter. Tower Research Capital LLC TRC purchased a new stake in VinFast Auto during the 4th quarter worth about $26,000. Jump Financial LLC purchased a new stake in shares of VinFast Auto during the fourth quarter worth about $51,000. Walleye Trading LLC purchased a new stake in shares of VinFast Auto during the fourth quarter worth about $46,000. Finally, Mariner LLC grew its holdings in shares of VinFast Auto by 84.2% during 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.

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.