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 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.

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

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.