Weiss Ratings Reiterates "Sell (E+)" Rating for VinFast Auto (NASDAQ:VFS)

Key Points

• Weiss Ratings has reiterated a "Sell (E+)" rating for VinFast Auto (NASDAQ: VFS), reflecting a negative outlook on the stock's performance.
• VinFast Auto's recent quarterly earnings missed analysts' expectations, reporting an EPS of ($0.35) against a consensus estimate of ($0.25), along with revenues lower than anticipated.
• The average rating for VinFast Auto among research analysts is currently "Hold," with a consensus price target of $5.75.

VinFast Auto (NASDAQ:VFS - Get Free Report)'s stock had its "sell (e+)" rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

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

VinFast Auto Price Performance

Shares of NASDAQ:VFS traded down $0.02 during midday trading on Friday, reaching $3.22. 446,312 shares of the company's stock were exchanged, compared to its average volume of 546,839. The company's 50 day simple moving average is $3.31 and its two-hundred day simple moving average is $3.40. VinFast Auto has a 12 month low of $2.56 and a 12 month high of $5.38.

VinFast Auto (NASDAQ:VFS - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.10). The firm had revenue of $662.99 million for the quarter, compared to the consensus estimate of $679.61 million. As a group, equities research analysts anticipate that VinFast Auto will post -1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VinFast Auto

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its position in shares of VinFast Auto by 28.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company's stock worth $182,000 after buying an additional 11,354 shares during the period. State of Wyoming acquired a new position in shares of VinFast Auto in the 2nd quarter valued at $63,000. Finally, Blue Trust Inc. acquired a new position in shares of VinFast Auto in the 3rd quarter valued at $93,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.