VinFast Auto (NASDAQ:VFS) Given Buy Rating at Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of VinFast Auto (NASDAQ:VFS) in a report published on Wednesday morning,Benzinga reports. The firm currently has a $5.50 price objective on the stock.

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

VinFast Auto Price Performance

Shares of VFS stock opened at $3.42 on Wednesday. VinFast Auto has a one year low of $2.56 and a one year high of $4.36. The company’s fifty day moving average price is $3.37 and its 200-day moving average price is $3.39. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of -2.14 and a beta of 0.87.

VinFast Auto (NASDAQ:VFS) last issued its earnings results on Friday, November 21st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.16). The company had revenue of $718.63 million for the quarter, compared to the consensus estimate of $21,712.78 billion. Equities research analysts expect that VinFast Auto will post -1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PharVision Advisers LLC bought a new stake in VinFast Auto in the third quarter worth $43,000. Bank of America Corp DE grew its stake in shares of VinFast Auto by 132.3% in the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock worth $242,000 after buying an additional 42,826 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of VinFast Auto in the 3rd quarter worth about $61,000. Blue Trust Inc. bought a new stake in shares of VinFast Auto in the 3rd quarter worth about $93,000. Finally, State of Wyoming purchased a new stake in shares of VinFast Auto during the 2nd quarter valued at about $63,000.

About VinFast Auto

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.