VinFast Auto (NASDAQ:VFS) Shares Up 5.6% – What’s Next?

VinFast Auto Ltd. (NASDAQ:VFS)’s stock price was up 5.6% during mid-day trading on Tuesday . The stock traded as high as $3.14 and last traded at $3.17. Approximately 260,670 shares were traded during trading, a decline of 80% from the average daily volume of 1,322,836 shares. The stock had previously closed at $3.00.

Analyst Upgrades and Downgrades

Separately, Chardan Capital raised VinFast Auto to a “strong-buy” rating in a research note on Monday, March 24th.

VinFast Auto Stock Up 7.8 %

The stock’s 50-day moving average is $3.36 and its 200-day moving average is $3.82. The firm has a market cap of $7.57 billion, a P/E ratio of -2.97 and a beta of 0.98.

Hedge Funds Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of VinFast Auto during the 4th quarter worth approximately $600,000. Tidal Investments LLC increased its holdings in VinFast Auto by 30.0% in the 3rd 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 period. SBI Securities Co. Ltd. acquired a new position in shares of VinFast Auto in the 4th quarter valued at $153,000. Jump Financial LLC bought a new position in shares of VinFast Auto during the 4th quarter worth about $51,000. Finally, XTX Topco Ltd acquired a new stake in shares of VinFast Auto during the 3rd quarter valued at about $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.