VinFast Auto (NASDAQ:VFS) Stock Keeps “Buy” Rating at Chardan Capital

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating restated by investment analysts at Chardan Capital in a report issued on Friday, Benzinga reports. They presently have a $5.50 target price on the stock. Chardan Capital’s target price would suggest a potential upside of 92.64% from the stock’s current price.

Separately, Weiss Ratings upgraded VinFast Auto from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.00.

VinFast Auto Stock Performance

VFS traded down $0.27 during trading on Friday, reaching $2.86. The stock had a trading volume of 1,351,038 shares, compared to its average volume of 507,346. The business has a 50-day moving average of $3.12 and a 200-day moving average of $3.40. VinFast Auto has a one year low of $2.78 and a one year high of $5.28. The stock has a market cap of $6.69 billion, a PE ratio of -1.55 and a beta of 0.68.

VinFast Auto (NASDAQ:VFS) last issued its earnings results on Monday, October 19th. The company reported ($0.02) EPS for the quarter. The company had revenue of $1.15 billion for the quarter. Equities research analysts forecast that VinFast Auto will post -1.60 EPS for the current fiscal year.

Institutional Investors Weigh In On VinFast Auto

A number of large investors have recently modified their holdings of VFS. Lazard Asset Management LLC lifted its holdings in VinFast Auto by 3.2% in the first quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock worth $714,000 after buying an additional 5,744 shares during the period. Renaissance Technologies LLC grew its holdings in shares of VinFast Auto by 157.0% during the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock worth $120,000 after acquiring an additional 19,000 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of VinFast Auto by 525.3% during the 1st 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.

About VinFast Auto

VinFast Auto is a Vietnam-based automotive manufacturer focused on developing and producing electric vehicles. The company offers a range of electric sport utility vehicles and cars, including the VF 3, VF 5, VF 6, VF 7, VF 8 and VF 9, as well as electric scooters and buses. Its business also includes related battery and charging solutions designed to support electric-vehicle ownership.

Founded in 2017 as part of Vingroup, VinFast became Vietnam’s first volume automotive manufacturer and initially produced gasoline-powered vehicles before transitioning to an all-electric product lineup.