VinFast Auto Ltd. (NASDAQ:VFS) Stock Now Rated “Hold” by Wall Street Analysts

Shares of VinFast Auto Ltd. (NASDAQ:VFS) have received an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.00.

Several brokerages have issued reports on VFS. Chardan Capital reissued a “buy” rating and set a $5.50 target price on shares of VinFast Auto in a research note on Friday. Yorkville Ives initiated coverage on VinFast Auto in a research report on Monday, October 5th. They issued an “in-line” rating and a $3.50 target price for the company. Finally, Weiss Ratings raised VinFast Auto from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th.

VinFast Auto Stock Performance

Shares of NASDAQ:VFS traded down $0.25 during mid-day trading on Monday, hitting $2.87. The stock had a trading volume of 1,392,101 shares, compared to its average volume of 507,346. The company has a market cap of $6.73 billion, a PE ratio of -1.56 and a beta of 0.68. VinFast Auto has a 12-month low of $2.78 and a 12-month high of $5.28. The company’s 50 day moving average is $3.12 and its 200-day moving average is $3.40.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings data on Monday, October 19th. The company reported ($0.02) EPS for the quarter. The company had revenue of $1.15 billion for the quarter. On average, equities research analysts predict that VinFast Auto will post -1.60 EPS for the current fiscal year.

Institutional Investors Weigh In On VinFast Auto

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in VinFast Auto by 525.3% during the 1st quarter. Bank of America Corp DE now owns 189,098 shares of the company’s stock worth $728,000 after acquiring an additional 158,855 shares during the period. Lazard Asset Management LLC grew its stake in VinFast Auto by 3.2% during the 1st quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock valued at $714,000 after acquiring an additional 5,744 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in VinFast Auto by 157.0% during the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock valued at $120,000 after acquiring an additional 19,000 shares in the last quarter.

About VinFast Auto

VinFast Auto is a Vietnam-based automotive manufacturer focused on developing and producing electric vehicles. The company offers a range of electric sport utility vehicles and cars, including the VF 3, VF 5, VF 6, VF 7, VF 8 and VF 9, as well as electric scooters and buses. Its business also includes related battery and charging solutions designed to support electric-vehicle ownership.

Founded in 2017 as part of Vingroup, VinFast became Vietnam’s first volume automotive manufacturer and initially produced gasoline-powered vehicles before transitioning to an all-electric product lineup.