VinFast Auto (NASDAQ:VFS) Shares Up 2.9% – Still a Buy?

VinFast Auto Ltd. (NASDAQ:VFS)’s stock price rose 2.9% during mid-day trading on Friday . The company traded as high as $3.33 and last traded at $3.35. Approximately 287,568 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 1,393,657 shares. The stock had previously closed at $3.25.

Wall Street Analysts Forecast Growth

Separately, Chardan Capital raised VinFast Auto to a “strong-buy” rating in a research report on Monday.

VinFast Auto Stock Up 4.3 %

The business has a fifty day moving average of $3.64 and a 200 day moving average of $3.90. The firm has a market cap of $7.93 billion, a P/E ratio of -3.08 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its holdings in VinFast Auto by 10.9% during the 4th quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock valued at $770,000 after purchasing an additional 18,709 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of VinFast Auto in the fourth quarter valued at about $600,000. SBI Securities Co. Ltd. bought a new position in shares of VinFast Auto in the fourth quarter valued at about $153,000. Mariner LLC lifted its stake in shares of VinFast Auto by 84.2% during the 4th quarter. Mariner LLC now owns 24,666 shares of the company’s stock worth $99,000 after buying an additional 11,277 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of VinFast Auto during the 4th quarter worth about $51,000.

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.