VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s stock price was up 5.3% on Wednesday . The stock traded as high as $3.63 and last traded at $3.65. Approximately 257,261 shares were traded during trading, a decline of 67% from the average daily volume of 782,282 shares. The stock had previously closed at $3.47.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on VFS shares. Chardan Capital restated a "buy" rating and set a $5.50 price objective on shares of VinFast Auto in a research report on Monday, June 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $6.00 target price on shares of VinFast Auto in a report on Tuesday, June 10th. Finally, BTIG Research cut shares of VinFast Auto from a "buy" rating to a "neutral" rating in a report on Friday, April 25th.
Check Out Our Latest Stock Report on VFS
VinFast Auto Trading Up 2.0%
The business's fifty day moving average price is $3.49 and its 200 day moving average price is $3.62. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of -2.56 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 (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The business had revenue of $677.89 million for the quarter, compared to the consensus estimate of $21,843.17 billion. As a group, sell-side analysts forecast that VinFast Auto Ltd. will post -1.06 earnings per share for the current fiscal year.
Hedge Funds Weigh In On VinFast Auto
Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC increased its stake in VinFast Auto by 10.9% in the 4th 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 period. Tower Research Capital LLC TRC acquired a new position in VinFast Auto in the 4th quarter valued at $26,000. Jump Financial LLC acquired a new position in VinFast Auto in the 4th quarter valued at $51,000. Walleye Trading LLC acquired a new position in VinFast Auto in the 4th quarter valued at $46,000. Finally, Mariner LLC increased its stake in VinFast Auto by 84.2% in the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock valued at $99,000 after buying 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.
See Also
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
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
