VinFast Auto’s (VFS) Buy Rating Reiterated at Chardan Capital

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating reiterated by equities research analysts at Chardan Capital in a research report issued on Tuesday,Benzinga reports. They presently have a $5.50 price objective on the stock. Chardan Capital’s price target would indicate a potential upside of 63.69% from the company’s previous close.

Several other research firms have also issued reports on VFS. Wedbush restated an “outperform” rating and set a $6.00 price target on shares of VinFast Auto in a research report on Monday, November 24th. Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.83.

VinFast Auto Stock Up 0.9%

Shares of NASDAQ:VFS opened at $3.36 on Tuesday. The stock has a market cap of $7.86 billion, a PE ratio of -2.10 and a beta of 0.87. The company’s fifty day moving average is $3.38 and its 200 day moving average is $3.36. VinFast Auto has a 52 week low of $2.56 and a 52 week high of $3.88.

VinFast Auto (NASDAQ:VFS) last announced its quarterly earnings data 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 firm had revenue of $718.63 million during the quarter, compared to analysts’ expectations of $21,712.78 billion. Sell-side analysts anticipate that VinFast Auto will post -1.06 EPS for the current year.

Institutional Trading of VinFast Auto

Several large investors have recently added to or reduced their stakes in the stock. PharVision Advisers LLC purchased a new position in VinFast Auto during the 3rd quarter valued at $43,000. Brooklyn Investment Group purchased a new stake in shares of VinFast Auto in the 3rd quarter worth about $61,000. State of Wyoming bought a new stake in shares of VinFast Auto during the 2nd quarter valued at about $63,000. Blue Trust Inc. purchased a new position in shares of VinFast Auto during the third quarter valued at about $93,000. Finally, SBI Securities Co. Ltd. increased its position in shares of VinFast Auto by 28.6% during the second quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company’s stock valued at $182,000 after buying an additional 11,354 shares during the period.

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.