VinFast Auto (NASDAQ:VFS – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.09), Zacks reports. The business had revenue of $357.39 million during the quarter, compared to analyst estimates of $583.76 million.
VinFast Auto Stock Down 7.6 %
VFS stock opened at $3.66 on Monday. VinFast Auto has a twelve month low of $2.26 and a twelve month high of $17.15. The firm has a market cap of $77.34 million, a PE ratio of -4.46 and a beta of 0.89. The business has a 50 day moving average of $3.90 and a 200 day moving average of $4.06.
Analysts Set New Price Targets
Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.00 price objective on shares of VinFast Auto in a report on Monday, September 9th.
About VinFast Auto
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.
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