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

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating reiterated by stock analysts at Chardan Capital in a research note issued on Tuesday,Benzinga reports. They currently have a $5.50 price target on the stock. Chardan Capital’s price target would suggest a potential upside of 63.69% from the stock’s previous close.

Several other research firms have also recently weighed in on VFS. Weiss Ratings reissued a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Wedbush reissued an “outperform” rating and issued a $6.00 price target on shares of VinFast Auto in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, VinFast Auto currently has a consensus rating of “Hold” and an average price target of $5.83.

VinFast Auto Price Performance

NASDAQ VFS opened at $3.36 on Tuesday. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $3.88. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of -2.10 and a beta of 0.87. The company has a fifty day moving average price of $3.38 and a 200-day moving average price of $3.36.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings data on Friday, November 21st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.16). The business had revenue of $718.63 million for the quarter, compared to analysts’ expectations of $21,712.78 billion. On average, research analysts anticipate that VinFast Auto will post -1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On VinFast Auto

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in 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 purchasing an additional 42,826 shares during the period. State of Wyoming bought a new position in shares of VinFast Auto in the second quarter valued at approximately $63,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in VinFast Auto by 26.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,949 shares of the company’s stock valued at $294,000 after acquiring an additional 18,364 shares in the last quarter. Blue Trust Inc. increased its holdings in VinFast Auto by 40.7% during the 4th quarter. Blue Trust Inc. now owns 40,473 shares of the company’s stock worth $135,000 after acquiring an additional 11,705 shares during the period. Finally, PharVision Advisers LLC bought a new stake in VinFast Auto during the 3rd quarter worth approximately $43,000.

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.