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

VinFast Auto (NASDAQ:VFS)‘s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $6.00 target price on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 55.84% from the company’s previous close.

VinFast Auto Stock Performance

NASDAQ VFS traded down $0.07 on Monday, reaching $3.85. 188,603 shares of the stock traded hands, compared to its average volume of 1,983,285. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $11.79. The company has a fifty day moving average price of $3.82 and a 200-day moving average price of $4.01. The company has a market cap of $81.35 million, a price-to-earnings ratio of -4.71 and a beta of 0.89.

VinFast Auto (NASDAQ:VFS) last issued its quarterly earnings data on Friday, September 20th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.09). The firm had revenue of $357.39 million during the quarter, compared to analyst estimates of $583.76 million. As a group, research analysts anticipate that VinFast Auto will post -0.93 earnings per share for the current fiscal year.

Institutional Trading of VinFast Auto

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Investment Advisors LLC acquired a new position in VinFast Auto during the 1st quarter worth approximately $342,000. Daiwa Securities Group Inc. purchased a new stake in shares of VinFast Auto during the 1st quarter worth approximately $195,000. Tidal Investments LLC boosted its stake in shares of VinFast Auto by 18.7% during the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock worth $763,000 after acquiring an additional 24,235 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in shares of VinFast Auto during the 1st quarter worth approximately $87,000.

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.