VinFast Auto (NASDAQ:VFS) Trading Up 4.7% – Still a Buy?

VinFast Auto Ltd. (NASDAQ:VFS)’s stock price was up 4.7% during trading on Monday . The company traded as high as $3.49 and last traded at $3.4550. Approximately 436,110 shares changed hands during trading, a decline of 21% from the average daily volume of 553,528 shares. The stock had previously closed at $3.30.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Chardan Capital restated a “buy” rating and issued a $5.50 price objective on shares of VinFast Auto in a research report on Friday, September 5th. Wedbush restated an “outperform” rating and set a $6.00 target price on shares of VinFast Auto in a research report on Monday, November 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 price target on shares of VinFast Auto in a research note on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VinFast Auto in a research note on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.83.

VinFast Auto Price Performance

The company’s 50 day simple moving average is $3.32 and its 200 day simple moving average is $3.40. The stock has a market cap of $8.32 billion, a P/E ratio of -2.22 and a beta of 0.88.

VinFast Auto (NASDAQ:VFS) last announced its quarterly earnings results on Friday, November 21st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.16). The firm had revenue of $718.63 million for the quarter, compared to the consensus estimate of $21,712.78 billion. On average, equities research analysts predict that VinFast Auto Ltd. will post -1.06 earnings per share for the current year.

Hedge Funds Weigh In On VinFast Auto

Several institutional investors have recently modified their holdings of VFS. Bank of America Corp DE increased its stake in VinFast Auto by 132.3% during the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock worth $242,000 after purchasing an additional 42,826 shares in the last quarter. Blue Trust Inc. bought a new stake in VinFast Auto during the third quarter worth $93,000. Brooklyn Investment Group acquired a new position in VinFast Auto during the third quarter worth approximately $61,000. State of Wyoming acquired a new position in shares of VinFast Auto during the 2nd quarter worth approximately $63,000. Finally, PharVision Advisers LLC acquired a new position in shares of VinFast Auto in the third quarter valued at $43,000.

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.