VinFast Auto (NASDAQ:VFS) Stock Keeps Buy Rating at Chardan Capital

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating reissued by investment analysts at Chardan Capital in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $5.50 target price on the stock. Chardan Capital’s price target would suggest a potential upside of 73.23% from the stock’s previous close.

Separately, Weiss Ratings raised VinFast Auto from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

VinFast Auto Trading Down 1.1%

Shares of VFS stock traded down $0.04 during trading hours on Friday, reaching $3.18. 75,873 shares of the company’s stock were exchanged, compared to its average volume of 501,677. The stock’s 50 day moving average is $3.13 and its 200-day moving average is $3.40. The company has a market cap of $7.44 billion, a price-to-earnings ratio of -1.73 and a beta of 0.68. VinFast Auto has a fifty-two week low of $2.78 and a fifty-two week high of $5.28.

Institutional Trading of VinFast Auto

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in VinFast Auto by 525.3% during the 1st quarter. Bank of America Corp DE now owns 189,098 shares of the company’s stock worth $728,000 after acquiring an additional 158,855 shares during the period. Lazard Asset Management LLC lifted its position in VinFast Auto by 3.2% during the 1st quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock worth $714,000 after acquiring an additional 5,744 shares during the period. Finally, Renaissance Technologies LLC lifted its position in VinFast Auto by 157.0% during the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock worth $120,000 after acquiring an additional 19,000 shares during the period.

VinFast Auto Company Profile

VinFast Auto Ltd. is a Vietnamese automotive company focused on developing, manufacturing and selling electric vehicles. Its product portfolio includes electric sport utility vehicles, cars, scooters and buses, along with related batteries, charging solutions and vehicle services.

Founded in 2017 as part of Vietnam’s Vingroup ecosystem, VinFast began vehicle production at its manufacturing complex in Hai Phong, Vietnam. The company has expanded its sales and market activities beyond Vietnam, serving customers in international markets including North America and parts of Asia.