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

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

Several other research firms have also issued reports on VFS. Wedbush reaffirmed an outperform rating and set a $12.00 price target on shares of VinFast Auto in a research report on Friday, February 23rd. BTIG Research dropped their price objective on shares of VinFast Auto from $8.00 to $5.00 and set a buy rating on the stock in a research report on Thursday. Finally, Cantor Fitzgerald reissued an overweight rating and issued a $9.00 price objective on shares of VinFast Auto in a research report on Monday, April 15th.

VinFast Auto Trading Down 7.0 %

NASDAQ VFS opened at $2.52 on Thursday. The firm’s fifty day moving average price is $4.76 and its two-hundred day moving average price is $5.96. VinFast Auto has a 1 year low of $2.43 and a 1 year high of $93.00. The firm has a market capitalization of $53.25 million and a P/E ratio of -3.07.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings results 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 business had revenue of $436.51 million for the quarter, compared to analysts’ expectations of $582.34 million. On average, research analysts anticipate that VinFast Auto will post -0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On VinFast Auto

Several large investors have recently modified their holdings of VFS. Wolverine Asset Management LLC acquired a new stake in VinFast Auto in the 4th quarter worth about $28,000. Saba Capital Management L.P. acquired a new stake in VinFast Auto in the 3rd quarter worth about $125,000. Virtu Financial LLC acquired a new stake in VinFast Auto in the 4th quarter worth about $137,000. QCM Cayman Ltd. acquired a new stake in VinFast Auto in the 3rd quarter worth about $150,000. Finally, Tudor Investment Corp Et Al acquired a new stake in VinFast Auto in the 3rd quarter worth about $264,000.

About VinFast Auto

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.