VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) shares dropped 5.9% on Tuesday . The company traded as low as $3.47 and last traded at $3.46. Approximately 244,829 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 813,152 shares. The stock had previously closed at $3.67.
Wall Street Analyst Weigh In
VFS has been the subject of several research analyst reports. BTIG Research cut shares of VinFast Auto from a "buy" rating to a "neutral" rating in a report on Friday, April 25th. Chardan Capital reaffirmed a "buy" rating and issued a $5.50 price objective on shares of VinFast Auto in a research report on Tuesday, June 10th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $6.00 target price on shares of VinFast Auto in a research note on Tuesday, June 10th.
View Our Latest Research Report on VinFast Auto
VinFast Auto Stock Performance
The stock has a 50-day moving average of $3.46 and a 200-day moving average of $3.67. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of -2.41 and a beta of 0.89.
VinFast Auto (NASDAQ:VFS - Get Free Report) last announced its quarterly earnings data on Monday, June 9th. The company reported ($0.30) earnings per share 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 the consensus estimate of $21,843.17 billion. Sell-side analysts predict that VinFast Auto Ltd. will post -1.06 EPS for the current fiscal year.
Institutional Investors Weigh In On VinFast Auto
Institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC lifted its position in shares of VinFast Auto by 10.9% in the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock valued at $770,000 after buying an additional 18,709 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in VinFast Auto during the 4th quarter valued at $26,000. Jump Financial LLC acquired a new stake in VinFast Auto during the 4th quarter valued at $51,000. Walleye Trading LLC bought a new position in VinFast Auto during the fourth quarter worth $46,000. Finally, Mariner LLC boosted 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 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.
Further Reading
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