VinFast Auto Ltd. (NASDAQ:VFS) Receives Average Rating of “Hold” from Analysts

VinFast Auto Ltd. (NASDAQ:VFS) has been given an average recommendation of “Hold” by the five research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $5.8333.

A number of analysts have recently issued reports on VFS shares. Chardan Capital reiterated a “buy” rating and issued a $5.50 price objective on shares of VinFast Auto in a report on Wednesday, January 7th. Wedbush reaffirmed an “outperform” rating and issued a $6.00 target price on shares of VinFast Auto in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th.

VinFast Auto Price Performance

VFS stock opened at $3.33 on Friday. The stock has a market capitalization of $7.79 billion, a P/E ratio of -2.08 and a beta of 0.87. VinFast Auto has a fifty-two week low of $2.56 and a fifty-two week high of $3.94. The business has a 50-day moving average of $3.38 and a 200-day moving average of $3.37.

VinFast Auto (NASDAQ:VFS) last announced its earnings results on Friday, November 21st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.16). The company had revenue of $718.63 million during the quarter, compared to analyst estimates of $21,712.78 billion. Equities analysts expect that VinFast Auto will post -1.06 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. PharVision Advisers LLC acquired a new position in shares of VinFast Auto during the 3rd quarter worth approximately $43,000. State of Wyoming acquired a new position in VinFast Auto during the second quarter worth $63,000. Brooklyn Investment Group bought a new stake in VinFast Auto during the third quarter worth $61,000. Blue Trust Inc. acquired a new stake in VinFast Auto in the third quarter valued at $93,000. Finally, SBI Securities Co. Ltd. lifted its stake in VinFast Auto by 28.6% in the second quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company’s stock valued at $182,000 after acquiring an additional 11,354 shares during the last quarter.

About VinFast Auto

VinFast Auto, founded in 2017 as a subsidiary of Vietnam’s Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.

The company’s vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.