VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s stock price was down 2% on Tuesday . The company traded as low as $3.36 and last traded at $3.43. Approximately 804,906 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 522,856 shares. The stock had previously closed at $3.50.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on VFS shares. BTIG Research lowered VinFast Auto from a "buy" rating to a "neutral" rating in a research report on Friday, April 25th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $6.00 target price on shares of VinFast Auto in a research report on Tuesday, June 10th. Finally, Chardan Capital reiterated a "buy" rating and set a $5.50 price target on shares of VinFast Auto in a research note on Monday, July 7th.
View Our Latest Research Report on VFS
VinFast Auto Trading Down 0.9%
The company has a 50 day moving average price of $3.52 and a 200 day moving average price of $3.50. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of -2.42 and a beta of 0.91.
VinFast Auto (NASDAQ:VFS - Get Free Report) last posted its quarterly earnings results 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. Equities analysts predict that VinFast Auto Ltd. will post -1.06 earnings per share for the current year.
Institutional Trading of VinFast Auto
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in VinFast Auto during the fourth quarter worth approximately $26,000. Mariner LLC increased its position in VinFast Auto by 84.2% during the fourth quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after buying an additional 11,277 shares during the last quarter. Walleye Trading LLC acquired a new position in shares of VinFast Auto in the fourth quarter valued at approximately $46,000. Jump Financial LLC bought a new position in shares of VinFast Auto during the fourth quarter worth approximately $51,000. Finally, Tidal Investments LLC increased its stake 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 worth $770,000 after purchasing an additional 18,709 shares during the period.
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.
Featured Stories
Before you consider VinFast Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VinFast Auto wasn't on the list.
While VinFast Auto currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access