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

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating reiterated by investment analysts at Chardan Capital in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $13.00 price target on the stock. Chardan Capital’s price target would suggest a potential upside of 369.31% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Wedbush restated an “outperform” rating and set a $12.00 target price on shares of VinFast Auto in a research report on Friday, February 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $9.00 target price on shares of VinFast Auto in a research report on Monday. Finally, BTIG Research dropped their target price 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.

VinFast Auto Stock Performance

Shares of NASDAQ VFS traded up $0.05 during midday trading on Thursday, reaching $2.77. The stock had a trading volume of 927,980 shares, compared to its average volume of 2,088,665. The stock has a 50-day moving average of $4.87 and a 200-day moving average of $6.05. VinFast Auto has a 12-month low of $2.56 and a 12-month high of $93.00.

VinFast Auto (NASDAQ:VFS) last issued its earnings results on Thursday, February 22nd. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates 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. Equities analysts anticipate that VinFast Auto will post -0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VinFast Auto

Institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new position in VinFast Auto during the fourth quarter valued at $28,000. Saba Capital Management L.P. bought a new position in VinFast Auto during the third quarter valued at $125,000. Virtu Financial LLC bought a new position in VinFast Auto during the fourth quarter valued at $137,000. QCM Cayman Ltd. bought a new position in VinFast Auto during the third quarter valued at $150,000. Finally, Tudor Investment Corp Et Al bought a new position in VinFast Auto during the third quarter valued at $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.