VinFast Auto (NASDAQ:VFS) Reaches New 1-Year High – Here’s What Happened

VinFast Auto Ltd. (NASDAQ:VFS)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $4.69 and last traded at $4.7230, with a volume of 370818 shares changing hands. The stock had previously closed at $4.54.

Wall Street Analyst Weigh In

Several research analysts recently commented on VFS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of VinFast Auto in a research note on Monday, December 29th. Chardan Capital reiterated a “buy” rating and set a $5.50 price objective on shares of VinFast Auto in a research note on Tuesday, March 17th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, VinFast Auto has a consensus rating of “Hold” and an average price target of $5.83.

VinFast Auto Stock Performance

The stock has a market cap of $9.45 billion, a P/E ratio of -2.43 and a beta of 0.73. The firm’s 50 day moving average is $3.33 and its 200 day moving average is $3.34.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings data on Monday, March 16th. The company reported ($0.60) EPS for the quarter. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.12 billion. As a group, analysts expect that VinFast Auto Ltd. will post -1.06 EPS for the current fiscal year.

Institutional Trading of VinFast Auto

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in VinFast Auto during the 4th quarter worth approximately $40,000. PharVision Advisers LLC purchased a new stake in VinFast Auto during the 3rd quarter worth approximately $43,000. Quadrature Capital Ltd purchased a new stake in VinFast Auto during the 4th quarter worth approximately $48,000. State of Wyoming purchased a new stake in VinFast Auto during the 2nd quarter worth approximately $63,000. Finally, Brooklyn Investment Group purchased a new stake in VinFast Auto during the 3rd quarter worth approximately $61,000.

VinFast Auto Company Profile

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.