VinFast Auto (NASDAQ:VFS) Shares Gap Up – Here’s Why

Shares of VinFast Auto Ltd. (NASDAQ:VFS) gapped up before the market opened on Thursday . The stock had previously closed at $3.14, but opened at $3.23. VinFast Auto shares last traded at $3.21, with a volume of 14,739 shares.

Analyst Upgrades and Downgrades

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

VinFast Auto Trading Up 1.6 %

The firm’s 50 day simple moving average is $3.33 and its 200-day simple moving average is $3.81. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of -2.88 and a beta of 0.98.

Institutional Trading of VinFast Auto

Several institutional investors and hedge funds have recently bought and sold shares of VFS. Tower Research Capital LLC TRC bought a new position in VinFast Auto during the fourth quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of VinFast Auto in the fourth quarter valued at approximately $29,000. Walleye Trading LLC bought a new stake in shares of VinFast Auto in the fourth quarter valued at approximately $46,000. XTX Topco Ltd bought a new position in VinFast Auto during the 3rd quarter worth $48,000. Finally, Jump Financial LLC acquired a new stake in shares of VinFast Auto during the 4th quarter worth $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.