VinFast Auto’s (VFS) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

VinFast Auto (NASDAQ:VFS)‘s stock had its “overweight” rating reaffirmed by Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They presently have a $6.00 price objective on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 66.20% from the company’s current price.

VinFast Auto Price Performance

Shares of VinFast Auto stock traded down $0.05 during trading on Monday, hitting $3.61. The company’s stock had a trading volume of 427,597 shares, compared to its average volume of 2,016,726. The stock has a market cap of $76.28 million, a price-to-earnings ratio of -4.40 and a beta of 0.89. VinFast Auto has a 52 week low of $2.26 and a 52 week high of $15.21. The stock has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $4.06.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings results on Friday, September 20th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.09). The business had revenue of $357.39 million during the quarter, compared to analysts’ expectations of $583.76 million. On average, equities analysts predict that VinFast Auto will post -0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On VinFast Auto

A number of institutional investors have recently modified their holdings of VFS. Tidal Investments LLC raised its stake in VinFast Auto by 18.7% during the first quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock worth $763,000 after buying an additional 24,235 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in VinFast Auto during the 1st quarter worth about $87,000. Daiwa Securities Group Inc. bought a new position in shares of VinFast Auto in the 1st quarter worth about $195,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of VinFast Auto in the 1st quarter valued at about $342,000.

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.