VinFast Auto (NASDAQ:VFS) Reaches New 12-Month High – Still a Buy?

Shares of VinFast Auto Ltd. (NASDAQ:VFS) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $3.83 and last traded at $3.61, with a volume of 1633005 shares. The stock had previously closed at $3.39.

Wall Street Analyst Weigh In

VFS has been the topic of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of VinFast Auto in a report on Monday, December 29th. Chardan Capital reaffirmed a “buy” rating and set a $5.50 price target on shares of VinFast Auto in a research note on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.83.

VinFast Auto Price Performance

The firm has a market capitalization of $8.45 billion, a PE ratio of -2.17 and a beta of 0.87. The company has a 50-day moving average price of $3.22 and a 200-day moving average price of $3.30.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings data on Monday, March 16th. The company reported ($0.60) EPS for the quarter. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.12 billion. On average, research analysts predict that VinFast Auto Ltd. will post -1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VinFast Auto

A number of hedge funds and other institutional investors have recently modified their holdings of VFS. Renaissance Technologies LLC acquired a new position in shares of VinFast Auto in the fourth quarter valued at approximately $40,000. PharVision Advisers LLC acquired a new stake in VinFast Auto during the third quarter worth approximately $43,000. Quadrature Capital Ltd acquired a new stake in VinFast Auto during the fourth quarter worth approximately $48,000. Brooklyn Investment Group purchased a new stake in VinFast Auto in the 3rd quarter worth approximately $61,000. Finally, State of Wyoming purchased a new stake in VinFast Auto in the 2nd quarter worth approximately $63,000.

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.