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
(
Get Free Report)
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.
Recommended Stories
Before you consider VinFast Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VinFast Auto wasn't on the list.
While VinFast Auto currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
