VinFast Auto (NASDAQ:VFS) Raised to “Strong-Buy” at Chardan Capital

VinFast Auto (NASDAQ:VFS) was upgraded by equities researchers at Chardan Capital to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

VinFast Auto Price Performance

Shares of VFS opened at $3.31 on Monday. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $6.42. The stock has a 50 day simple moving average of $3.68 and a two-hundred day simple moving average of $3.91. The firm has a market cap of $7.74 billion, a P/E ratio of -3.01 and a beta of 0.93.

Institutional Trading of VinFast Auto

Several hedge funds have recently added to or reduced their stakes in VFS. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of VinFast Auto during the fourth quarter valued at approximately $29,000. Tidal Investments LLC boosted its position in VinFast Auto by 30.0% during the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after buying an additional 39,787 shares during the period. XTX Topco Ltd bought a new stake in VinFast Auto in the 3rd quarter worth $48,000. SBI Securities Co. Ltd. purchased a new position in shares of VinFast Auto in the fourth quarter valued at about $153,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of VinFast Auto during the fourth quarter valued at about $26,000.

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.