VinFast Auto (NASDAQ:VFS) Shares Up 4.5% – Here’s Why

VinFast Auto Ltd. (NASDAQ:VFS) shares traded up 4.5% during trading on Thursday . The company traded as high as $3.39 and last traded at $3.39. 219,649 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,445,230 shares. The stock had previously closed at $3.24.

VinFast Auto Stock Up 0.9 %

The stock has a 50-day simple moving average of $3.90 and a two-hundred day simple moving average of $3.94. The firm has a market cap of $8.00 billion, a PE ratio of -3.11 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of VinFast Auto in the 4th quarter valued at about $29,000. Tidal Investments LLC increased its stake in VinFast Auto by 30.0% in the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock worth $659,000 after purchasing an additional 39,787 shares during the period. GSA Capital Partners LLP bought a new stake in VinFast Auto in the third quarter valued at approximately $44,000. XTX Topco Ltd purchased a new stake in shares of VinFast Auto during the third quarter valued at approximately $48,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of VinFast Auto in the fourth quarter worth approximately $153,000.

VinFast Auto Company Profile

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.