VinFast Auto (NASDAQ:VFS) Upgraded at Chardan Capital

Chardan Capital upgraded shares of VinFast Auto (NASDAQ:VFS) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

VinFast Auto Stock Performance

Shares of VFS stock opened at $3.30 on Monday. The stock’s 50 day simple moving average is $3.66 and its 200 day simple moving average is $3.91. VinFast Auto has a twelve month low of $2.26 and a twelve month high of $6.42. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of -3.00 and a beta of 0.93.

Institutional Trading of VinFast Auto

A number of institutional investors and hedge funds have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of VinFast Auto during the 4th quarter worth about $29,000. Tidal Investments LLC increased its stake in VinFast Auto by 30.0% during the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after acquiring an additional 39,787 shares during the period. XTX Topco Ltd bought a new stake in shares of VinFast Auto in the 3rd quarter worth approximately $48,000. SBI Securities Co. Ltd. acquired a new stake in VinFast Auto during the fourth quarter worth $153,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of VinFast Auto during the 4th quarter valued at about $26,000.

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.