VinFast Auto (NASDAQ:VFS) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a research note published on Monday, Benzinga reports. Cantor Fitzgerald currently has a $6.00 target price on the stock. Cantor Fitzgerald also issued estimates for VinFast Auto’s FY2024 earnings at ($1.17) EPS.

VinFast Auto Price Performance

VinFast Auto stock opened at $3.91 on Monday. The stock has a market capitalization of $82.62 million, a P/E ratio of -4.77 and a beta of 0.89. VinFast Auto has a 12-month low of $2.26 and a 12-month high of $13.61. The firm’s 50-day moving average is $3.84 and its two-hundred day moving average is $4.04.

VinFast Auto (NASDAQ:VFS) last announced its earnings results on Friday, September 20th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.09). The company had revenue of $357.39 million for the quarter, compared to analysts’ expectations of $583.76 million. As a group, analysts forecast that VinFast Auto will post -0.93 EPS for the current year.

Institutional Trading of VinFast Auto

A number of hedge funds have recently added to or reduced their stakes in the business. Qsemble Capital Management LP acquired a new stake in shares of VinFast Auto during the 1st quarter worth $87,000. Daiwa Securities Group Inc. purchased a new stake in VinFast Auto during the first quarter valued at about $195,000. Capstone Investment Advisors LLC acquired a new stake in VinFast Auto during the first quarter worth about $342,000. Finally, Tidal Investments LLC raised its holdings 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 worth $763,000 after purchasing an additional 24,235 shares during the period.

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.