VinFast Auto (NASDAQ:VFS) Sees Large Volume Increase - Here's Why

Key Points

• Trading surge: Shares traded rose 65% to 738,514 as VinFast's stock fell about 8.9% to roughly $4.00 from a prior close of $4.35.
• Analyst outlook: Ratings are mixed—three Buys, one Hold and one Sell—resulting in an average "Hold" and a consensus price target of $5.83 (Chardan reiterated a $5.50 buy).
• Earnings snapshot: VinFast reported a $0.60 loss per share while beating revenue estimates ($1.57B vs. $1.12B), and analysts expect about -$1.06 EPS for the current year.

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) shares saw strong trading volume on Tuesday . 738,514 shares traded hands during trading, an increase of 65% from the previous session's volume of 447,332 shares.The stock last traded at $3.9950 and had previously closed at $4.35.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Chardan Capital restated a "buy" rating and set a $5.50 price objective on shares of VinFast Auto in a research report on Tuesday, March 17th. Weiss Ratings restated a "sell (e+)" rating on shares of VinFast Auto in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.83.

VinFast Auto Stock Down 8.9%

The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of -2.39 and a beta of 0.73. The company's 50-day moving average is $3.31 and its 200-day moving average is $3.33.

VinFast Auto (NASDAQ:VFS - Get Free Report) last announced its quarterly earnings results on Monday, March 16th. The company reported ($0.60) earnings per share for the quarter. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.12 billion. Sell-side analysts anticipate that VinFast Auto Ltd. will post -1.06 EPS for the current year.

Institutional Investors Weigh In On VinFast Auto

A number of institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in shares of VinFast Auto during the fourth quarter valued at about $600,000. Goldman Sachs Group Inc. increased its position in shares of VinFast Auto by 87.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company's stock valued at $523,000 after acquiring an additional 72,923 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of VinFast Auto by 26.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,949 shares of the company's stock valued at $294,000 after acquiring an additional 18,364 shares during the last quarter. Vident Advisory LLC increased its position in shares of VinFast Auto by 72.0% during the fourth quarter. Vident Advisory LLC now owns 86,449 shares of the company's stock valued at $289,000 after acquiring an additional 36,198 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of VinFast Auto by 132.3% during the third quarter. Bank of America Corp DE now owns 75,194 shares of the company's stock valued at $242,000 after acquiring an additional 42,826 shares during the last quarter.

VinFast Auto Company Profile

VinFast Auto, founded in 2017 as a subsidiary of Vietnam's Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.

The company's vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.

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