VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s stock price was up 7.8% on Tuesday . The company traded as high as $3.69 and last traded at $3.77. Approximately 167,019 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 881,436 shares. The stock had previously closed at $3.50.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on VFS shares. Chardan Capital upgraded VinFast Auto to a "strong-buy" rating in a report on Tuesday, April 29th. BTIG Research lowered VinFast Auto from a "buy" rating to a "neutral" rating in a research report on Friday, April 25th.
Read Our Latest Stock Analysis on VinFast Auto
VinFast Auto Stock Performance
The company has a fifty day moving average of $3.30 and a two-hundred day moving average of $3.74. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of -3.35 and a beta of 0.97.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position 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 acquiring an additional 18,709 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in VinFast Auto during the fourth quarter valued at $26,000. Jump Financial LLC bought a new position in VinFast Auto during the fourth quarter valued at $51,000. Walleye Trading LLC bought a new position in VinFast Auto during the fourth quarter valued at $46,000. Finally, Mariner LLC grew its holdings in VinFast Auto by 84.2% during the fourth quarter. Mariner LLC now owns 24,666 shares of the company's stock valued at $99,000 after purchasing an additional 11,277 shares during the period.
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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