VinFast Auto (NASDAQ:VFS) Trading 6.3% Higher - What's Next?

Key Points

• Shares jumped 6.3% to $4.315 on Friday despite trading volume about 48% below the average, giving VinFast a market cap of roughly $10.05 billion.
• Analyst sentiment is mixed — three Buys, one Hold and one Sell — with an average rating of "Hold" and an average target of $5.83; Chardan reaffirmed a Buy ($5.50) while Weiss Ratings remains on Sell.
• VinFast reported a quarterly loss of ($0.60) per share but revenue of $1.57 billion topped consensus of $1.12 billion, and analysts forecast a -1.06 EPS for the current year.

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s stock price traded up 6.3% during trading on Friday . The company traded as high as $4.32 and last traded at $4.3150. 251,997 shares traded hands during trading, a decline of 48% from the average session volume of 481,863 shares. The stock had previously closed at $4.06.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Chardan Capital reaffirmed a "buy" rating and set a $5.50 target price on shares of VinFast Auto in a report on Tuesday, March 17th. Weiss Ratings reissued a "sell (e+)" rating on shares of VinFast Auto in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $5.83.

VinFast Auto Stock Performance

The firm has a 50 day simple moving average of $3.35 and a two-hundred day simple moving average of $3.35. The stock has a market cap of $10.05 billion, a P/E ratio of -2.59 and a beta of 0.73.

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

Institutional Trading of VinFast Auto

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in VinFast Auto during the 4th quarter worth $600,000. Goldman Sachs Group Inc. lifted its holdings in VinFast Auto by 87.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company's stock worth $523,000 after buying an additional 72,923 shares in the last quarter. Bank of America Corp DE lifted its holdings in VinFast Auto by 132.3% during the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company's stock worth $242,000 after buying an additional 42,826 shares in the last quarter. Vident Advisory LLC lifted its holdings in VinFast Auto by 72.0% during the 4th quarter. Vident Advisory LLC now owns 86,449 shares of the company's stock worth $289,000 after buying an additional 36,198 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in shares of VinFast Auto in the 4th quarter valued at $105,000.

VinFast Auto Company Profile

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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