VinFast Auto (NASDAQ:VFS) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a report published on Monday morning, Benzinga reports. They currently have a $9.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Chardan Capital reiterated a buy rating and issued a $13.00 target price on shares of VinFast Auto in a research note on Wednesday, April 10th. BTIG Research assumed coverage on shares of VinFast Auto in a report on Wednesday, January 3rd. They issued a buy rating and a $10.00 price target on the stock. Finally, Wedbush reaffirmed an outperform rating and set a $12.00 target price on shares of VinFast Auto in a report on Friday, February 23rd.

VinFast Auto Price Performance

NASDAQ:VFS opened at $3.26 on Monday. The firm has a 50-day moving average of $4.97 and a 200-day moving average of $6.14. The company has a market cap of $68.88 million and a PE ratio of -6.39. VinFast Auto has a one year low of $3.16 and a one year high of $93.00.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The company had revenue of $436.51 million for the quarter, compared to analyst estimates of $582.34 million. On average, equities research analysts expect that VinFast Auto will post -0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VFS. QCM Cayman Ltd. purchased a new position in VinFast Auto during the third quarter valued at approximately $150,000. Saba Capital Management L.P. purchased a new position in VinFast Auto during the third quarter valued at approximately $125,000. Tudor Investment Corp Et Al purchased a new position in shares of VinFast Auto in the third quarter worth $264,000. SG Americas Securities LLC purchased a new position in shares of VinFast Auto in the fourth quarter worth $329,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of VinFast Auto in the fourth quarter worth $28,000.

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.