VinFast Auto (NASDAQ:VFS) Shares Down 2.1% - What's Next?

Key Points

• VinFast Auto's stock (NASDAQ:VFS) dropped 2.1% to $3.23, with trading volume approximately 23% lower than its average daily volume.
• Analysts maintain a Moderate Buy rating for VinFast, with average target prices ranging from $5.50 to $6.00.
• The company recently reported a loss of ($0.35) EPS, missing analysts' expectations and revenue estimates for the quarter.

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) was down 2.1% on Wednesday . The stock traded as low as $3.23 and last traded at $3.23. Approximately 384,798 shares changed hands during trading, a decline of 23% from the average daily volume of 500,778 shares. The stock had previously closed at $3.30.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VFS shares. Cantor Fitzgerald restated an "overweight" rating and set a $6.00 price target on shares of VinFast Auto in a research report on Friday, September 5th. Chardan Capital restated a "buy" rating and set a $5.50 price target on shares of VinFast Auto in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $5.75.

VinFast Auto Stock Down 1.2%

The company has a fifty day simple moving average of $3.46 and a 200 day simple moving average of $3.40. The firm has a market capitalization of $7.58 billion, a P/E ratio of -2.28 and a beta of 0.91.

VinFast Auto (NASDAQ:VFS - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.10). The business had revenue of $662.99 million during the quarter, compared to analyst estimates of $679.61 million. As a group, equities analysts expect that VinFast Auto Ltd. will post -1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC lifted its holdings in shares of VinFast Auto by 10.9% during the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock valued at $770,000 after purchasing an additional 18,709 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of VinFast Auto by 28.6% during the second quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company's stock valued at $182,000 after purchasing an additional 11,354 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of VinFast Auto during the second quarter valued at $63,000.

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.