VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $3.42, but opened at $3.75. VinFast Auto shares last traded at $3.56, with a volume of 542,560 shares traded.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Chardan Capital raised VinFast Auto to a "strong-buy" rating in a research note on Tuesday, April 29th. BTIG Research downgraded shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research note on Friday, April 25th.
View Our Latest Stock Analysis on VinFast Auto
VinFast Auto Trading Up 1.3%
The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of -3.15 and a beta of 0.89. The stock's fifty day simple moving average is $3.33 and its 200-day simple moving average is $3.71.
VinFast Auto (NASDAQ:VFS - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The company reported ($0.30) earnings per share (EPS) 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, analysts anticipate that VinFast Auto Ltd. will post -1.06 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in VinFast Auto in the fourth quarter worth $26,000. Walleye Trading LLC bought a new stake in shares of VinFast Auto during the 4th quarter valued at $46,000. Jump Financial LLC bought a new position in shares of VinFast Auto during the fourth quarter worth $51,000. 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. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $153,000.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
