VinFast Auto (NASDAQ:VFS) Earns “Buy” Rating from Chardan Capital

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating restated by stock analysts at Chardan Capital in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $5.50 target price on the stock. Chardan Capital’s target price would indicate a potential upside of 64.67% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $6.00 price objective on shares of VinFast Auto in a research report on Monday, November 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of VinFast Auto in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.83.

VinFast Auto Price Performance

NASDAQ:VFS opened at $3.34 on Tuesday. VinFast Auto has a 1-year low of $2.56 and a 1-year high of $3.88. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of -2.09 and a beta of 0.87. The stock has a fifty day simple moving average of $3.38 and a 200 day simple moving average of $3.36.

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

Institutional Trading of VinFast Auto

Several large investors have recently made changes to their positions in VFS. Goldman Sachs Group Inc. boosted its position in VinFast Auto by 87.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock worth $523,000 after purchasing an additional 72,923 shares during the period. Bank of America Corp DE grew its stake in VinFast Auto by 132.3% in the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock valued at $242,000 after buying an additional 42,826 shares during the last quarter. LPL Financial LLC acquired a new position in VinFast Auto in the 4th quarter valued at $105,000. Blue Trust Inc. acquired a new position in VinFast Auto during the 3rd quarter worth $93,000. Finally, Brooklyn Investment Group acquired a new stake in shares of VinFast Auto in the third quarter valued at about $61,000.

VinFast Auto Company Profile

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.