VinFast Auto’s (VFS) “Buy” Rating Reaffirmed at Chardan Capital

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating reissued by analysts at Chardan Capital in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $5.50 price target on the stock. Chardan Capital’s price target indicates a potential upside of 85.56% from the stock’s current price.

Separately, Weiss Ratings raised VinFast Auto from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, VinFast Auto has an average rating of “Moderate Buy” and an average target price of $5.50.

VinFast Auto Stock Performance

Shares of VinFast Auto stock traded down $0.16 on Friday, hitting $2.96. The company had a trading volume of 303,551 shares, compared to its average volume of 501,620. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of -1.61 and a beta of 0.68. VinFast Auto has a 1 year low of $2.78 and a 1 year high of $5.28. The stock has a 50 day moving average of $3.12 and a 200-day moving average of $3.40.

VinFast Auto (NASDAQ:VFS) last issued its quarterly earnings data on Monday, October 19th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $1.15 billion during the quarter. Equities analysts anticipate that VinFast Auto will post -1.60 earnings per share for the current year.

Hedge Funds Weigh In On VinFast Auto

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of VinFast Auto by 525.3% in the first quarter. Bank of America Corp DE now owns 189,098 shares of the company’s stock worth $728,000 after acquiring an additional 158,855 shares during the period. Lazard Asset Management LLC boosted its stake in VinFast Auto by 3.2% during the first quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock valued at $714,000 after buying an additional 5,744 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in VinFast Auto by 157.0% during the first quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock valued at $120,000 after buying an additional 19,000 shares during the period.

VinFast Auto Company Profile

VinFast Auto Ltd. is a Vietnamese automotive company focused on developing, manufacturing and selling electric vehicles. Its product portfolio includes electric sport utility vehicles, cars, scooters and buses, along with related batteries, charging solutions and vehicle services.

Founded in 2017 as part of Vietnam’s Vingroup ecosystem, VinFast began vehicle production at its manufacturing complex in Hai Phong, Vietnam. The company has expanded its sales and market activities beyond Vietnam, serving customers in international markets including North America and parts of Asia.