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.
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