VinFast Auto Ltd. (NASDAQ:VFS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of VinFast Auto Ltd. (NASDAQ:VFS) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5.8333.

VFS has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Wedbush reaffirmed an “outperform” rating and set a $6.00 price objective on shares of VinFast Auto in a report on Monday, November 24th. Finally, Chardan Capital reissued a “buy” rating and issued a $5.50 target price on shares of VinFast Auto in a report on Tuesday, March 3rd.

VinFast Auto Price Performance

Shares of VinFast Auto stock opened at $3.15 on Wednesday. The firm’s fifty day simple moving average is $3.32 and its 200-day simple moving average is $3.32. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of -1.97 and a beta of 0.87. VinFast Auto has a 12 month low of $2.56 and a 12 month high of $3.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFS. Renaissance Technologies LLC purchased a new position in VinFast Auto in the fourth quarter valued at about $40,000. PharVision Advisers LLC purchased a new stake in shares of VinFast Auto during the 3rd quarter worth approximately $43,000. Quadrature Capital Ltd acquired a new stake in shares of VinFast Auto in the 4th quarter worth approximately $48,000. Brooklyn Investment Group acquired a new stake in shares of VinFast Auto in the 3rd quarter worth approximately $61,000. Finally, State of Wyoming purchased a new position in VinFast Auto in the 2nd quarter valued at approximately $63,000.

VinFast Auto Company Profile

VinFast Auto, founded in 2017 as a subsidiary of Vietnam’s Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.

The company’s vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.