VinFast Auto (NASDAQ:VFS) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• VinFast shares saw unusually high trading volume, with approximately 753,211 shares changing hands—40% above the previous session—while the stock traded near $3.11.
• Analyst sentiment remains mixed but leans positive: three analysts rate VFS a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $5.50.
• The company’s latest quarterly results missed expectations, reporting a loss of $0.48 per share versus the projected $0.36 loss and revenue of $921 million against the $1.01 billion estimate.

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 753,211 shares changed hands during mid-day trading, an increase of 40% from the previous session's volume of 536,543 shares.The stock last traded at $3.1060 and had previously closed at $3.12.

Wall Street Analyst Weigh In

A number of analysts have commented on VFS shares. Cantor Fitzgerald reduced their price objective on shares of VinFast Auto from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Tuesday, June 9th. Wedbush reiterated an "outperform" rating and issued a $6.00 target price on shares of VinFast Auto in a report on Wednesday, June 10th. Weiss Ratings downgraded shares of VinFast Auto from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday. Wall Street Zen upgraded shares of VinFast Auto from a "strong sell" rating to a "sell" rating in a report on Saturday, June 6th. Finally, Chardan Capital restated a "buy" rating and issued a $5.50 price target on shares of VinFast Auto in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $5.50.

VinFast Auto Stock Down 0.7%

The firm has a market cap of $7.25 billion, a price-to-earnings ratio of -1.69 and a beta of 0.68. The company has a 50-day moving average price of $3.10 and a 200 day moving average price of $3.42.

VinFast Auto (NASDAQ:VFS - Get Free Report) last posted its quarterly earnings results on Monday, June 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.12). The company had revenue of $921.00 million during the quarter, compared to analysts' expectations of $1.01 billion. Equities analysts forecast that VinFast Auto Ltd. will post -1.45 EPS for the current year.

Institutional Trading of VinFast Auto

Hedge funds have recently made changes to their positions in the stock. State of Wyoming acquired a new stake in shares of VinFast Auto during the second quarter worth approximately $63,000. Brooklyn Investment Group acquired a new position in VinFast Auto in the 3rd quarter valued at approximately $61,000. Bank of America Corp DE lifted its position in VinFast Auto by 132.3% in the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company's stock worth $242,000 after buying an additional 42,826 shares in the last quarter. PharVision Advisers LLC purchased a new stake in VinFast Auto in the 3rd quarter worth approximately $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in VinFast Auto by 26.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,949 shares of the company's stock worth $294,000 after buying an additional 18,364 shares in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source