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

Cantor Fitzgerald reaffirmed their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a research report report published on Monday morning, Benzinga reports. They currently have a $6.00 price objective on the stock.

VinFast Auto Price Performance

NASDAQ VFS opened at $3.87 on Monday. The company’s 50 day simple moving average is $3.78 and its 200 day simple moving average is $4.00. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $9.37. The company has a market capitalization of $81.77 million, a P/E ratio of -4.72 and a beta of 0.89.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings results on Friday, September 20th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.09). The firm had revenue of $357.39 million for the quarter, compared to analyst estimates of $583.76 million. On average, analysts anticipate that VinFast Auto will post -0.93 earnings per share for the current year.

Institutional Investors Weigh In On VinFast Auto

Large investors have recently made changes to their positions in the company. Qsemble Capital Management LP acquired a new stake in shares of VinFast Auto during the first quarter valued at approximately $87,000. Daiwa Securities Group Inc. acquired a new stake in shares of VinFast Auto during the first quarter valued at approximately $195,000. Capstone Investment Advisors LLC acquired a new stake in shares of VinFast Auto during the first quarter valued at approximately $342,000. Finally, Tidal Investments LLC grew its position in VinFast Auto by 18.7% during the first quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after purchasing an additional 24,235 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.