VinFast Auto Ltd. (NASDAQ:VFS) Given Average Recommendation of “Hold” by Brokerages

VinFast Auto Ltd. (NASDAQ:VFS) has earned an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $5.8333.

A number of equities research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $6.00 target price on shares of VinFast Auto in a report on Monday, November 24th. Chardan Capital restated a “buy” rating and issued a $5.50 price target on shares of VinFast Auto in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of VinFast Auto in a research note on Monday, December 29th.

VinFast Auto Price Performance

Shares of NASDAQ VFS opened at $3.12 on Wednesday. The stock’s fifty day moving average price is $3.33 and its two-hundred day moving average price is $3.33. VinFast Auto has a one year low of $2.56 and a one year high of $3.82. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of -1.95 and a beta of 0.87.

Institutional Investors Weigh In On VinFast Auto

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of VinFast Auto in the fourth quarter valued at approximately $40,000. PharVision Advisers LLC bought a new position in VinFast Auto during the 3rd quarter worth $43,000. Quadrature Capital Ltd bought a new position in VinFast Auto during the 4th quarter worth $48,000. Brooklyn Investment Group acquired a new position in VinFast Auto in the 3rd quarter valued at $61,000. Finally, State of Wyoming acquired a new position in VinFast Auto in the 2nd quarter valued at $63,000.

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.