Chardan Capital reissued their buy rating on shares of VinFast Auto (NASDAQ:VFS - Free Report) in a research report report published on Monday morning,Benzinga reports. The firm currently has a $5.50 target price on the stock.
Other analysts also recently issued reports about the company. BTIG Research downgraded VinFast Auto from a "buy" rating to a "neutral" rating in a research report on Friday, April 25th. Cantor Fitzgerald restated an "overweight" rating and set a $6.00 price objective on shares of VinFast Auto in a research report on Tuesday, June 10th.
Read Our Latest Report on VFS
VinFast Auto Stock Down 3.6%
Shares of NASDAQ:VFS traded down $0.13 during trading on Monday, reaching $3.51. 527,444 shares of the company traded hands, compared to its average volume of 763,664. The company's 50 day moving average is $3.53 and its two-hundred day moving average is $3.59. The firm has a market capitalization of $8.21 billion, a PE ratio of -2.51 and a beta of 0.92. VinFast Auto has a 52 week low of $2.56 and a 52 week high of $5.38.
VinFast Auto (NASDAQ:VFS - Get Free Report) last released its earnings results on Monday, June 9th. The company reported ($0.30) earnings per share 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 analysts' expectations of $21,843.17 billion. As a group, research analysts anticipate that VinFast Auto will post -1.06 EPS for the current year.
Institutional Trading of VinFast Auto
Several institutional investors and hedge funds have recently modified their holdings of VFS. Tower Research Capital LLC TRC bought a new stake in shares of VinFast Auto during the 4th quarter worth $26,000. Walleye Trading LLC acquired a new position in VinFast Auto in the 4th quarter worth about $46,000. Jump Financial LLC acquired a new position in VinFast Auto in the 4th quarter worth about $51,000. Mariner LLC increased its holdings in VinFast Auto by 84.2% in the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after purchasing an additional 11,277 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in VinFast Auto in the 4th quarter worth about $600,000.
VinFast Auto Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider VinFast Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VinFast Auto wasn't on the list.
While VinFast Auto currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
