VinFast Auto (NASDAQ:VFS) Trading Up 2.9% – Still a Buy?

VinFast Auto Ltd. (NASDAQ:VFS) shares rose 2.9% during trading on Friday . The company traded as high as $3.33 and last traded at $3.35. Approximately 287,568 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,393,657 shares. The stock had previously closed at $3.25.

Wall Street Analysts Forecast Growth

Separately, Chardan Capital raised VinFast Auto to a “strong-buy” rating in a research note on Monday, March 24th.

VinFast Auto Stock Performance

The firm’s 50-day moving average price is $3.63 and its 200 day moving average price is $3.90. The company has a market cap of $7.93 billion, a price-to-earnings ratio of -3.08 and a beta of 0.93.

Institutional Trading of VinFast Auto

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in shares of VinFast Auto in the 4th quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in VinFast Auto during the fourth quarter worth about $29,000. Walleye Trading LLC bought a new position in VinFast Auto during the fourth quarter worth about $46,000. XTX Topco Ltd acquired a new position in shares of VinFast Auto during the 3rd quarter worth about $48,000. Finally, Jump Financial LLC bought a new stake in shares of VinFast Auto in the 4th quarter valued at about $51,000.

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.