VinFast Auto (NASDAQ:VFS) Trading 5.4% Higher - Time to Buy?

Key Points

• Shares of VinFast Auto jumped 5.4% to about $3.40 on Friday with volume up ~130% (723,202 shares), trading near its 50- and 200-day moving averages and carrying a market cap around $8.0 billion.
• Analysts are mixed—three Buys, one Hold and one Sell—giving a consensus rating of "Hold" and a consensus target price of $5.83 (Chardan set $5.50 while Weiss reissued a sell).
• In the most recent quarter VinFast reported a loss of $0.60 EPS but revenue of $1.57 billion, which beat the $1.12 billion consensus estimate.

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s stock price rose 5.4% on Friday . The company traded as high as $3.42 and last traded at $3.3950. Approximately 723,202 shares changed hands during mid-day trading, an increase of 130% from the average daily volume of 314,992 shares. The stock had previously closed at $3.22.

Analysts Set New Price Targets

VFS has been the subject of several recent research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of VinFast Auto in a report on Monday, December 29th. Chardan Capital reaffirmed a "buy" rating and set a $5.50 price target on shares of VinFast Auto in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.83.

VinFast Auto Stock Performance

The firm's 50 day moving average is $3.22 and its 200-day moving average is $3.29. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of -2.05 and a beta of 0.87.

VinFast Auto (NASDAQ:VFS - Get Free Report) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.60) EPS for the quarter. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.12 billion. As a group, sell-side analysts forecast that VinFast Auto Ltd. will post -1.06 earnings per share for the current year.

Hedge Funds Weigh In On VinFast Auto

Institutional investors and hedge funds have recently modified their holdings of the business. Mariner LLC grew its holdings in VinFast Auto by 39.8% in the fourth quarter. Mariner LLC now owns 36,125 shares of the company's stock valued at $121,000 after purchasing an additional 10,279 shares during the period. Blue Trust Inc. increased its position in shares of VinFast Auto by 40.7% in the fourth quarter. Blue Trust Inc. now owns 40,473 shares of the company's stock valued at $135,000 after buying an additional 11,705 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of VinFast Auto during the 4th quarter worth approximately $600,000. Goldman Sachs Group Inc. lifted its position in shares of VinFast Auto by 87.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company's stock valued at $523,000 after buying an additional 72,923 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in shares of VinFast Auto by 72.0% during the 4th quarter. Vident Advisory LLC now owns 86,449 shares of the company's stock valued at $289,000 after buying an additional 36,198 shares in the last quarter.

About VinFast Auto

VinFast Auto, founded in 2017 as a subsidiary of Vietnam's Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.

The company's vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.

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