VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) rose 2.9% on Friday . The company traded as high as $3.33 and last traded at $3.35. Approximately 287,568 shares were traded during trading, a decline of 79% from the average daily volume of 1,393,657 shares. The stock had previously closed at $3.25.
Analysts Set New Price Targets
Separately, Chardan Capital upgraded VinFast Auto to a "strong-buy" rating in a report on Monday, March 24th.
Read Our Latest Stock Analysis on VinFast Auto
VinFast Auto Stock Performance
The firm's fifty day simple moving average is $3.61 and its 200 day simple moving average is $3.90. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of -2.89 and a beta of 0.93.
Institutional Investors Weigh In On VinFast Auto
A number of hedge funds and other institutional investors have recently made changes to their positions in VFS. Tidal Investments LLC grew its stake in shares of VinFast Auto by 10.9% during the 4th quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock worth $770,000 after acquiring an additional 18,709 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in VinFast Auto in the 4th quarter valued at $600,000. SBI Securities Co. Ltd. acquired a new stake in VinFast Auto in the 4th quarter valued at $153,000. Mariner LLC lifted its position in VinFast Auto by 84.2% during the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after buying an additional 11,277 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of VinFast Auto during the 4th quarter worth about $51,000.
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.
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