VinFast Auto (NASDAQ:VFS) Stock Price Up 1.3% – What’s Next?

VinFast Auto Ltd. (NASDAQ:VFS)’s share price rose 1.3% during trading on Tuesday . The company traded as high as $4.17 and last traded at $4.05. Approximately 847,161 shares traded hands during trading, a decline of 53% from the average daily volume of 1,795,539 shares. The stock had previously closed at $4.00.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 target price on shares of VinFast Auto in a report on Monday, September 30th.

VinFast Auto Stock Down 0.6 %

The stock has a 50 day moving average price of $3.86 and a 200 day moving average price of $4.02.

VinFast Auto (NASDAQ:VFS) last posted its earnings results on Friday, September 20th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that VinFast Auto Ltd. will post -1.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VinFast Auto

Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its stake in shares of VinFast Auto by 18.7% in the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after purchasing an additional 24,235 shares during the last quarter. GSA Capital Partners LLP bought a new stake in VinFast Auto in the third quarter worth approximately $44,000. Finally, XTX Topco Ltd acquired a new position in VinFast Auto in the third quarter valued at approximately $48,000.

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.