VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s share price gapped up before the market opened 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 trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on VFS shares. BTIG Research lowered shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research report on Friday, April 25th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $6.00 target price on shares of VinFast Auto in a research note on Tuesday. Finally, Chardan Capital reiterated a "buy" rating and issued a $5.50 price objective on shares of VinFast Auto in a report on Tuesday.
View Our Latest Analysis on VFS
VinFast Auto Stock Down 0.6%
The firm has a market capitalization of $8.28 billion, a PE ratio of -3.22 and a beta of 0.89. The business has a 50-day moving average price of $3.36 and a 200-day moving average price of $3.70.
VinFast Auto (NASDAQ:VFS - Get Free Report) last announced its earnings results on Monday, June 9th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The business had revenue of $677.89 million for the quarter, compared to the consensus estimate of $21,843.17 billion. On average, equities research analysts anticipate that VinFast Auto Ltd. will post -1.06 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in VFS. Tidal Investments LLC increased its position in VinFast Auto by 10.9% during the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock worth $770,000 after buying an additional 18,709 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of VinFast Auto in the 4th quarter valued at about $26,000. Jump Financial LLC acquired a new stake in shares of VinFast Auto during the 4th quarter valued at approximately $51,000. Walleye Trading LLC acquired a new position in VinFast Auto during the fourth quarter worth $46,000. Finally, Mariner LLC boosted its position in shares of 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 buying an additional 11,277 shares in the last quarter.
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.
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