VinFast Auto (NASDAQ:VFS - Get Free Report)'s stock had its "overweight" rating restated by equities researchers at Cantor Fitzgerald in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $6.00 target price on the stock. Cantor Fitzgerald's target price points to a potential upside of 57.07% from the company's current price.
VinFast Auto Trading Down 2.6 %
VFS traded down $0.10 during midday trading on Monday, reaching $3.82. The company's stock had a trading volume of 768,575 shares, compared to its average volume of 1,986,351. The company has a fifty day simple moving average of $3.82 and a 200 day simple moving average of $4.01. The stock has a market cap of $80.72 million, a P/E ratio of -4.71 and a beta of 0.89. VinFast Auto has a twelve month low of $2.26 and a twelve month high of $11.79.
VinFast Auto (NASDAQ:VFS - Get Free Report) last released its earnings results on Friday, September 20th. The company reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.09). The company had revenue of $357.39 million during the quarter, compared to analyst estimates of $583.76 million. Sell-side analysts expect that VinFast Auto will post -0.93 earnings per share for the current year.
Institutional Trading of VinFast Auto
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capstone Investment Advisors LLC bought a new stake in shares of VinFast Auto in the 1st quarter valued at approximately $342,000. Daiwa Securities Group Inc. bought a new stake in VinFast Auto in the first quarter valued at $195,000. Qsemble Capital Management LP acquired a new position in VinFast Auto during the first quarter worth $87,000. Finally, Tidal Investments LLC lifted its holdings in shares of VinFast Auto by 18.7% during the first quarter. Tidal Investments LLC now owns 153,560 shares of the company's stock valued at $763,000 after acquiring an additional 24,235 shares during the period.
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.
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