VinFast Auto (NASDAQ:VFS) Earns Buy Rating from Chardan Capital

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating reaffirmed by equities researchers at Chardan Capital in a report released on Monday,Benzinga reports. They currently have a $5.50 price target on the stock, down from their previous price target of $13.00. Chardan Capital’s price target would suggest a potential upside of 69.75% from the stock’s previous close.

Separately, BTIG Research lowered VinFast Auto from a “buy” rating to a “neutral” rating in a research report on Friday.

VinFast Auto Trading Down 2.4 %

VFS opened at $3.24 on Monday. VinFast Auto has a 1 year low of $2.55 and a 1 year high of $6.42. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of -2.95 and a beta of 0.98. The stock has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.78.

Institutional Investors Weigh In On VinFast Auto

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its stake in VinFast Auto by 10.9% during the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock worth $770,000 after acquiring an additional 18,709 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of VinFast Auto during the 4th quarter worth approximately $26,000. Jump Financial LLC purchased a new position in shares of VinFast Auto during the 4th quarter valued at $51,000. Walleye Trading LLC purchased a new position in shares of VinFast Auto in the fourth quarter worth about $46,000. Finally, Mariner LLC lifted its position in shares of VinFast Auto by 84.2% during the fourth quarter. Mariner LLC now owns 24,666 shares of the company’s stock worth $99,000 after acquiring an additional 11,277 shares in the last quarter.

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.