VinFast Auto’s (VFS) Buy Rating Reiterated at Chardan Capital

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating reaffirmed by Chardan Capital in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $5.50 price target on the stock. Chardan Capital’s price objective would suggest a potential upside of 17.27% from the company’s current price.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Three equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.83.

VinFast Auto Stock Down 1.5%

Shares of NASDAQ:VFS opened at $4.69 on Thursday. VinFast Auto has a fifty-two week low of $2.78 and a fifty-two week high of $5.28. The company has a market cap of $10.97 billion, a PE ratio of -2.83 and a beta of 0.73. The firm has a 50-day simple moving average of $3.54 and a 200 day simple moving average of $3.42.

VinFast Auto (NASDAQ:VFS) last posted its earnings results on Monday, March 16th. The company reported ($0.60) EPS for the quarter. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.12 billion. As a group, research analysts forecast that VinFast Auto will post -1.21 EPS for the current fiscal year.

Institutional Trading of VinFast Auto

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in VinFast Auto during the fourth quarter valued at approximately $40,000. PharVision Advisers LLC acquired a new stake in VinFast Auto during the third quarter valued at approximately $43,000. Quadrature Capital Ltd acquired a new stake in VinFast Auto during the fourth quarter valued at approximately $48,000. State of Wyoming acquired a new stake in VinFast Auto during the second quarter valued at approximately $63,000. Finally, Brooklyn Investment Group acquired a new stake in VinFast Auto during the third quarter valued at approximately $61,000.

VinFast Auto Company Profile

VinFast Auto, founded in 2017 as a subsidiary of Vietnam’s Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.

The company’s vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.