VinFast Auto's (VFS) Sell (E+) Rating Reiterated at Weiss Ratings

Key Points

• VinFast Auto's stock has been given a "sell (e+)" rating by Weiss Ratings, which may signal challenges ahead for the company in terms of investor confidence.
• Despite the negative outlook from Weiss, other analysts have issued a "buy" rating with a price target of $5.50 from Chardan Capital and $6.00 from Cantor Fitzgerald, suggesting mixed sentiment in the market.
• In the latest earnings report, VinFast Auto reported a loss of $0.35 EPS and revenues of $662.99 million, missing expectations, which may further impact investor perception of the company.

VinFast Auto (NASDAQ:VFS - Get Free Report)'s stock had its "sell (e+)" rating restated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on the stock. Chardan Capital reaffirmed a "buy" rating and issued a $5.50 price target on shares of VinFast Auto in a research report on Friday, September 5th. Cantor Fitzgerald restated an "overweight" rating and set a $6.00 price target on shares of VinFast Auto in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.75.

VinFast Auto Stock Performance

Shares of VinFast Auto stock traded down $0.06 during trading hours on Wednesday, reaching $3.35. The company's stock had a trading volume of 423,525 shares, compared to its average volume of 621,624. The firm has a 50 day moving average price of $3.36 and a 200-day moving average price of $3.39. VinFast Auto has a one year low of $2.56 and a one year high of $5.38.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VinFast Auto stock. State of Wyoming acquired a new position in shares of VinFast Auto Ltd. (NASDAQ:VFS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,714 shares of the company's stock, valued at approximately $63,000.

VinFast Auto Company Profile

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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