VinFast Auto Ltd. (NASDAQ:VFS - Free Report) - Equities research analysts at Wedbush dropped their Q3 2024 EPS estimates for shares of VinFast Auto in a report issued on Wednesday, September 25th. Wedbush analyst D. Ives now forecasts that the company will post earnings per share of ($0.24) for the quarter, down from their prior forecast of ($0.23). The consensus estimate for VinFast Auto's current full-year earnings is ($0.93) per share. Wedbush also issued estimates for VinFast Auto's Q4 2024 earnings at ($0.24) EPS, FY2024 earnings at ($1.08) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.17) EPS and FY2025 earnings at ($0.79) EPS.
Separately, Cantor Fitzgerald reissued an "overweight" rating and set a $6.00 target price on shares of VinFast Auto in a report on Monday.
View Our Latest Research Report on VFS
VinFast Auto Stock Performance
Shares of NASDAQ VFS traded down $0.12 during trading hours on Monday, reaching $3.80. 589,020 shares of the stock were exchanged, compared to its average volume of 1,985,414. The stock's fifty day simple moving average is $3.82 and its 200 day simple moving average is $4.01. The firm has a market capitalization of $80.29 million, a price-to-earnings ratio of -4.71 and a beta of 0.89. VinFast Auto has a 52 week low of $2.26 and a 52 week high of $11.79.
VinFast Auto (NASDAQ:VFS - Get Free Report) last issued its quarterly earnings data on Friday, September 20th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.09). The firm had revenue of $357.39 million for the quarter, compared to the consensus estimate of $583.76 million.
Institutional Trading of VinFast Auto
A number of hedge funds and other institutional investors have recently modified their holdings of VFS. Tidal Investments LLC increased its stake in shares of VinFast Auto by 18.7% in the first quarter. Tidal Investments LLC now owns 153,560 shares of the company's stock valued at $763,000 after buying an additional 24,235 shares during the period. Qsemble Capital Management LP bought a new position in shares of VinFast Auto during the first quarter valued at $87,000. Daiwa Securities Group Inc. bought a new position in shares of VinFast Auto during the first quarter valued at $195,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of VinFast Auto during the first quarter worth $342,000.
VinFast Auto Company Profile
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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.
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