Shares of VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) shot up 5.3% during trading on Wednesday . The company traded as high as $3.63 and last traded at $3.65. 257,261 shares changed hands during trading, a decline of 67% from the average session volume of 782,282 shares. The stock had previously closed at $3.47.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. BTIG Research cut shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research note 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 note on Monday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $6.00 price objective on shares of VinFast Auto in a research note on Tuesday, June 10th.
Read Our Latest Report on VFS
VinFast Auto Stock Performance
The company's 50-day moving average price is $3.47 and its 200 day moving average price is $3.64. The stock has a market capitalization of $8.38 billion, a P/E ratio of -2.56 and a beta of 0.89.
VinFast Auto (NASDAQ:VFS - Get Free Report) last posted its quarterly earnings results on Monday, June 9th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10). The business had revenue of $677.89 million during the quarter, compared to analyst estimates of $21,843.17 billion. Analysts predict that VinFast Auto Ltd. will post -1.06 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in shares of VinFast Auto during the fourth quarter valued at approximately $26,000. Walleye Trading LLC bought a new stake in VinFast Auto in the 4th quarter valued at $46,000. Jump Financial LLC bought a new stake in VinFast Auto in the 4th quarter valued at $51,000. Mariner LLC lifted its stake in VinFast Auto by 84.2% in the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after purchasing an additional 11,277 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of VinFast Auto during the 4th quarter valued at about $153,000.
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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