VinFast Auto (NASDAQ:VFS) Stock Price Up 10.1% – Still a Buy?

VinFast Auto Ltd. (NASDAQ:VFS)’s stock price rose 10.1% during mid-day trading on Thursday . The stock traded as high as $4.52 and last traded at $4.5150. Approximately 991,528 shares were traded during trading, an increase of 160% from the average daily volume of 381,589 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VFS shares. 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.83.

VinFast Auto Stock Performance

The company has a 50-day moving average price of $3.25 and a 200-day moving average price of $3.31. The firm has a market capitalization of $10.62 billion, a P/E ratio of -2.73 and a beta of 0.87.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in VinFast Auto in the fourth quarter valued at approximately $40,000. PharVision Advisers LLC bought a new position in shares of VinFast Auto during the third quarter worth $43,000. Quadrature Capital Ltd acquired a new position in shares of VinFast Auto in the 4th quarter valued at $48,000. Brooklyn Investment Group acquired a new position in shares of VinFast Auto in the 3rd quarter valued at $61,000. Finally, State of Wyoming bought a new stake in shares of VinFast Auto in the 2nd quarter valued at $63,000.

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.