VinFast Auto (NASDAQ:VFS) Earns Buy Rating from Chardan Capital

Chardan Capital reissued their buy rating on shares of VinFast Auto (NASDAQ:VFS) in a research report report published on Thursday morning, Benzinga reports. The firm currently has a $13.00 price objective on the stock.

Several other research firms have also recently issued reports on VFS. Cantor Fitzgerald restated an overweight rating and set a $9.00 price objective on shares of VinFast Auto in a research report on Monday. BTIG Research cut their price objective on shares of VinFast Auto from $8.00 to $5.00 and set a buy rating for the company in a research report on Thursday. Finally, Wedbush restated an outperform rating and set a $12.00 price objective on shares of VinFast Auto in a research report on Friday, February 23rd.

VinFast Auto Trading Down 0.4 %

Shares of NASDAQ VFS opened at $2.71 on Thursday. The firm has a 50-day simple moving average of $4.81 and a 200-day simple moving average of $6.03. VinFast Auto has a 52 week low of $2.56 and a 52 week high of $93.00.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The company had revenue of $436.51 million for the quarter, compared to analysts’ expectations of $582.34 million. Analysts anticipate that VinFast Auto will post -0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VFS. Wolverine Asset Management LLC purchased a new position in VinFast Auto during the fourth quarter worth about $28,000. Saba Capital Management L.P. acquired a new position in shares of VinFast Auto in the third quarter valued at approximately $125,000. Virtu Financial LLC purchased a new stake in VinFast Auto during the 4th quarter worth approximately $137,000. QCM Cayman Ltd. acquired a new stake in VinFast Auto during the 3rd quarter worth approximately $150,000. Finally, Tudor Investment Corp Et Al purchased a new position in VinFast Auto in the 3rd quarter valued at approximately $264,000.

VinFast Auto Company Profile

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.