Shares of VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) traded down 2.9% on Thursday . The stock traded as low as $3.60 and last traded at $3.64. 306,930 shares traded hands 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 Analyst Weigh In
Several brokerages recently weighed in on VFS. Chardan Capital reissued a "buy" rating and issued a $5.50 price objective on shares of VinFast Auto in a report on Monday, June 23rd. BTIG Research lowered shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research note on Friday, April 25th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $6.00 price target on shares of VinFast Auto in a research report on Tuesday, June 10th.
Read Our Latest Analysis on VFS
VinFast Auto Stock Performance
The firm has a market cap of $8.69 billion, a price-to-earnings ratio of -2.65 and a beta of 0.92. The stock's fifty day moving average is $3.52 and its two-hundred day moving average is $3.61.
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 the consensus estimate of ($0.20) by ($0.10). The firm had revenue of $677.89 million during the quarter, compared to analyst estimates of $21,843.17 billion. Sell-side analysts predict 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 modified their holdings of the business. Tower Research Capital LLC TRC acquired a new position in shares of VinFast Auto during the fourth quarter valued at approximately $26,000. Walleye Trading LLC bought a new position in VinFast Auto during the 4th quarter valued at $46,000. Jump Financial LLC acquired a new position in shares of VinFast Auto during the 4th quarter valued at $51,000. Mariner LLC raised its stake 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. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of VinFast Auto in the fourth quarter valued at $153,000.
About VinFast Auto
(
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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