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VinFast Auto (NASDAQ:VFS) Stock Price Down 2.9% - Should You Sell?

VinFast Auto logo with Auto/Tires/Trucks background

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s share price fell 2.9% during mid-day trading on Thursday . The company traded as low as $3.60 and last traded at $3.64. 306,930 shares were traded during trading, a decline of 60% from the average session volume of 766,596 shares. The stock had previously closed at $3.75.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VFS. Cantor Fitzgerald reiterated an "overweight" rating and set a $6.00 price objective on shares of VinFast Auto in a research note on Tuesday, June 10th. Chardan Capital restated a "buy" rating and issued a $5.50 price target on shares of VinFast Auto in a research note on Monday, June 23rd. Finally, BTIG Research downgraded shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research note on Friday, April 25th.

Get Our Latest Analysis on VinFast Auto

VinFast Auto Stock Performance

The business's fifty day moving average is $3.53 and its 200-day moving average is $3.59. The firm has a market cap of $8.52 billion, a P/E ratio of -2.60 and a beta of 0.92.

VinFast Auto (NASDAQ:VFS - Get Free Report) last issued its quarterly earnings data on Monday, June 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10). The company had revenue of $677.89 million for the quarter, compared to analyst estimates of $21,843.17 billion. Analysts predict that VinFast Auto Ltd. will post -1.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VFS. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in VinFast Auto in the 4th quarter valued at approximately $600,000. SBI Securities Co. Ltd. bought a new position in VinFast Auto in the 4th quarter valued at approximately $153,000. Tidal Investments LLC raised its holdings in VinFast Auto by 10.9% during the 4th quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock worth $770,000 after purchasing an additional 18,709 shares during the last quarter. Jump Financial LLC bought a new position in VinFast Auto during the 4th quarter worth approximately $51,000. Finally, Walleye Trading LLC bought a new position in VinFast Auto during the 4th quarter worth approximately $46,000.

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.

See Also

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