VinFast Auto (NASDAQ:VFS) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a report released on Monday, Benzinga reports. They currently have a $6.00 target price on the stock.

VinFast Auto Stock Performance

Shares of VFS opened at $3.87 on Monday. The company’s 50 day moving average price is $3.78 and its 200 day moving average price is $4.00. VinFast Auto has a 52 week low of $2.26 and a 52 week high of $9.37. The company has a market capitalization of $81.77 million, a PE ratio of -4.72 and a beta of 0.89.

VinFast Auto (NASDAQ:VFS) last announced its quarterly earnings data on Friday, September 20th. The company reported ($0.33) 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. On average, equities analysts forecast that VinFast Auto will post -0.93 earnings per share for the current fiscal year.

Institutional Trading of VinFast Auto

Several large investors have recently added to or reduced their stakes in VFS. Capstone Investment Advisors LLC bought a new stake in VinFast Auto in the first quarter worth approximately $342,000. Daiwa Securities Group Inc. bought a new stake in shares of VinFast Auto during the 1st quarter worth $195,000. Qsemble Capital Management LP bought a new stake in shares of VinFast Auto during the 1st quarter worth $87,000. Finally, Tidal Investments LLC boosted its holdings in shares of VinFast Auto by 18.7% during the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock worth $763,000 after buying 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.