Cantor Fitzgerald Reiterates Overweight Rating for VinFast Auto (NASDAQ:VFS)

VinFast Auto (NASDAQ:VFS)‘s stock had its “overweight” rating restated by research analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $6.00 target price on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 62.60% from the company’s previous close.

VinFast Auto Stock Performance

Shares of VFS stock opened at $3.69 on Monday. The firm’s 50 day moving average price is $3.86 and its two-hundred day moving average price is $4.04. The stock has a market cap of $77.97 million, a PE ratio of -4.50 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) last released its earnings results on Friday, September 20th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.09). The business had revenue of $357.39 million during the quarter, compared to analysts’ expectations of $583.76 million. As a group, sell-side analysts predict that VinFast Auto will post -0.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new stake in VinFast Auto during the 1st quarter valued at $342,000. Daiwa Securities Group Inc. acquired a new stake in shares of VinFast Auto during the 1st quarter worth about $195,000. Tidal Investments LLC boosted its holdings in shares of VinFast Auto by 18.7% during the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock worth $763,000 after buying an additional 24,235 shares during the period. Finally, Qsemble Capital Management LP bought a new stake in shares of VinFast Auto during the 1st quarter worth about $87,000.

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.