VinFast Auto (NASDAQ:VFS) Stock Price Up 5.6% – What’s Next?

VinFast Auto Ltd. (NASDAQ:VFS)’s share price was up 5.6% during trading on Tuesday . The company traded as high as $3.14 and last traded at $3.17. Approximately 260,670 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,322,836 shares. The stock had previously closed at $3.00.

Wall Street Analyst Weigh In

Separately, Chardan Capital raised shares of VinFast Auto to a “strong-buy” rating in a research note on Monday, March 24th.

VinFast Auto Stock Down 1.1 %

The firm has a market capitalization of $7.26 billion, a PE ratio of -2.82 and a beta of 0.98. The business’s 50-day moving average price is $3.33 and its 200-day moving average price is $3.81.

Institutional Investors Weigh In On VinFast Auto

A number of institutional investors have recently modified their holdings of VFS. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of VinFast Auto in the fourth quarter worth $600,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in VinFast Auto in the 4th quarter worth about $29,000. Tidal Investments LLC lifted its holdings in shares of VinFast Auto by 30.0% during the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after buying an additional 39,787 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of VinFast Auto in the 3rd quarter valued at approximately $48,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of VinFast Auto in the 4th quarter valued at approximately $153,000.

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.