Investors Purchase Large Volume of Call Options on VinFast Auto (NASDAQ:VFS)

VinFast Auto Ltd. (NASDAQ:VFS) was the target of unusually large options trading on Thursday. Investors bought 9,644 call options on the company. This is an increase of 1,965% compared to the typical volume of 467 call options.

VinFast Auto Stock Performance

NASDAQ:VFS opened at $4.54 on Friday. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $4.60. The stock has a market cap of $10.62 billion, a P/E ratio of -2.73 and a beta of 0.73. The stock has a 50-day simple moving average of $3.27 and a 200-day simple moving average of $3.31.

VinFast Auto (NASDAQ:VFS) last issued its earnings results on Monday, March 16th. The company reported ($0.60) earnings per share for the quarter. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.12 billion. On average, equities research analysts predict that VinFast Auto will post -1.06 EPS for the current year.

Wall Street Analyst Weigh In

VFS has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VinFast Auto in a report on Monday, December 29th. Chardan Capital reissued a “buy” rating and issued a $5.50 price objective on shares of VinFast Auto in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.83.

Institutional Trading of VinFast Auto

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFS. Renaissance Technologies LLC acquired a new position in shares of VinFast Auto in the 4th quarter valued at $40,000. PharVision Advisers LLC acquired a new stake in VinFast Auto during the 3rd quarter worth $43,000. Quadrature Capital Ltd acquired a new stake in VinFast Auto during the 4th quarter worth $48,000. State of Wyoming purchased a new stake in VinFast Auto in the second quarter valued at $63,000. Finally, Brooklyn Investment Group purchased a new stake in VinFast Auto in the third quarter valued at $61,000.

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.