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

Key Points

• VinFast Auto's stock experienced a 6.3% increase during mid-day trading, reaching a high of $3.40 before closing at $3.49.
• Research analysts have set target prices for VinFast Auto, with Chardan Capital at $5.50 and Cantor Fitzgerald at $6.00, though Weiss Ratings has a "sell (e+)" rating.
• The company reported a loss of ($0.35) earnings per share in its recent quarterly results, falling short of the consensus estimate of ($0.25).

Shares of VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) were up 6.3% during mid-day trading on Tuesday . The stock traded as high as $3.40 and last traded at $3.49. Approximately 177,359 shares changed hands during trading, a decline of 68% from the average daily volume of 551,885 shares. The stock had previously closed at $3.28.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Chardan Capital reissued a "buy" rating and issued a $5.50 target price on shares of VinFast Auto in a research note on Friday, September 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $6.00 price target on shares of VinFast Auto in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of VinFast Auto in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $5.75.

VinFast Auto Trading Up 3.8%

The company has a market cap of $7.96 billion, a PE ratio of -2.40 and a beta of 0.88. The business's 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.39.

VinFast Auto (NASDAQ:VFS - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.10). The business had revenue of $662.99 million for the quarter, compared to the consensus estimate of $679.61 million. On average, research analysts predict that VinFast Auto Ltd. will post -1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VinFast Auto stock. State of Wyoming acquired a new stake in shares of VinFast Auto Ltd. (NASDAQ:VFS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 17,714 shares of the company's stock, valued at approximately $63,000.

About VinFast Auto

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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