VinFast Auto (NASDAQ:VFS) Stock Rating Upgraded by Chardan Capital

Chardan Capital upgraded shares of VinFast Auto (NASDAQ:VFS) to a strong-buy rating in a report released on Monday,Zacks.com reports.

VinFast Auto Stock Performance

Shares of NASDAQ VFS opened at $3.31 on Monday. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of -3.01 and a beta of 0.93. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $6.42. The stock’s 50-day simple moving average is $3.68 and its 200-day simple moving average is $3.91.

Hedge Funds Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently made changes to their positions in VFS. XTX Topco Ltd acquired a new stake in shares of VinFast Auto in the 3rd quarter valued at about $48,000. Tidal Investments LLC increased its holdings in VinFast Auto by 30.0% in the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after buying an additional 39,787 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in VinFast Auto during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in VinFast Auto during the fourth quarter valued at approximately $153,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in VinFast Auto during the 4th quarter worth approximately $600,000.

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.