VinFast Auto (NASDAQ:VFS – Get Free Report)‘s stock had its “overweight” rating reiterated by equities researchers at Cantor Fitzgerald in a report released on Monday, Benzinga reports. They presently have a $6.00 price objective on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 66.20% from the company’s previous close.
VinFast Auto Stock Performance
VinFast Auto stock traded down $0.05 during midday trading on Monday, reaching $3.61. 427,597 shares of the company’s stock were exchanged, compared to its average volume of 2,016,726. The stock’s 50-day simple moving average is $3.90 and its 200 day simple moving average is $4.06. The firm has a market cap of $76.28 million, a price-to-earnings ratio of -4.40 and a beta of 0.89. VinFast Auto has a 52 week low of $2.26 and a 52 week high of $15.21.
VinFast Auto (NASDAQ:VFS – Get Free Report) last released 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 business had revenue of $357.39 million for the quarter, compared to analysts’ expectations of $583.76 million. Research analysts forecast that VinFast Auto will post -0.93 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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