Chardan Capital Reiterates Buy Rating for VinFast Auto (NASDAQ:VFS)

Chardan Capital restated their buy rating on shares of VinFast Auto (NASDAQ:VFS) in a report released on Thursday morning,Benzinga reports. They currently have a $5.50 price objective on the stock.

VFS has been the subject of a number of other reports. BTIG Research downgraded VinFast Auto from a “buy” rating to a “neutral” rating in a research report on Friday, April 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price target on shares of VinFast Auto in a report on Tuesday, June 10th.

VinFast Auto Price Performance

VFS opened at $3.57 on Thursday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of -2.55 and a beta of 0.91. VinFast Auto has a 1-year low of $2.56 and a 1-year high of $5.38. The business has a 50 day moving average price of $3.52 and a two-hundred day moving average price of $3.46.

VinFast Auto (NASDAQ:VFS) last released its earnings results on Monday, June 9th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.10). The business had revenue of $677.89 million during the quarter, compared to analysts’ expectations of $21,843.17 billion. Equities analysts expect that VinFast Auto will post -1.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VFS. Tidal Investments LLC increased its holdings in shares of VinFast Auto by 10.9% in the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock valued at $770,000 after buying an additional 18,709 shares in the last quarter. Jump Financial LLC acquired a new stake in VinFast Auto during the 4th quarter valued at $51,000. Walleye Trading LLC acquired a new stake in VinFast Auto during the 4th quarter valued at $46,000. SBI Securities Co. Ltd. raised its stake in VinFast Auto by 28.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company’s stock valued at $182,000 after purchasing an additional 11,354 shares during the period. Finally, Mariner LLC raised its stake in VinFast Auto by 84.2% during the 4th quarter. Mariner LLC now owns 24,666 shares of the company’s stock valued at $99,000 after purchasing an additional 11,277 shares during the period.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.