Chardan Capital Reiterates Buy Rating for VinFast Auto (NASDAQ:VFS)

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating reiterated by stock analysts at Chardan Capital in a report issued on Thursday, Benzinga reports. They currently have a $13.00 price objective on the stock. Chardan Capital’s price objective would suggest a potential upside of 415.87% from the company’s current price.

A number of other equities research analysts have also issued reports on VFS. Wedbush reaffirmed an “outperform” rating and set a $12.00 target price on shares of VinFast Auto in a research report on Friday, February 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $9.00 target price on shares of VinFast Auto in a research report on Monday, April 15th. Finally, BTIG Research cut their target price on VinFast Auto from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday.

VinFast Auto Price Performance

VFS opened at $2.52 on Thursday. VinFast Auto has a one year low of $2.43 and a one year high of $93.00. The stock’s fifty day moving average is $4.76 and its 200-day moving average is $5.98.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The firm had revenue of $436.51 million during the quarter, compared to the consensus estimate of $582.34 million. As a group, equities research analysts predict that VinFast Auto will post -0.88 earnings per share for the current fiscal year.

Institutional Trading of VinFast Auto

Several large investors have recently made changes to their positions in VFS. Wolverine Asset Management LLC bought a new stake in shares of VinFast Auto during the 4th quarter worth about $28,000. Saba Capital Management L.P. bought a new stake in shares of VinFast Auto during the 3rd quarter worth about $125,000. Virtu Financial LLC bought a new stake in shares of VinFast Auto during the 4th quarter worth about $137,000. QCM Cayman Ltd. bought a new stake in shares of VinFast Auto during the 3rd quarter worth about $150,000. Finally, Tudor Investment Corp Et Al bought a new stake in shares of VinFast Auto during the 3rd quarter worth about $264,000.

About VinFast Auto

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.