VinFast Auto (NASDAQ:VFS) Shares Up 1.3% – Here’s What Happened

VinFast Auto Ltd. (NASDAQ:VFS) shares traded up 1.3% on Tuesday . The stock traded as high as $4.17 and last traded at $4.05. 847,161 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 1,795,539 shares. The stock had previously closed at $4.00.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $6.00 price objective on shares of VinFast Auto in a research report on Monday, September 30th.

VinFast Auto Trading Down 0.6 %

The firm has a fifty day moving average of $3.86 and a 200-day moving average of $4.02.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings data on Friday, September 20th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.09). The firm had revenue of $357.39 million during the quarter, compared to the consensus estimate of $583.76 million. On average, analysts expect that VinFast Auto Ltd. will post -1.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC grew its stake in VinFast Auto by 18.7% in the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after buying an additional 24,235 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of VinFast Auto in the third quarter valued at approximately $44,000. Finally, XTX Topco Ltd bought a new position in shares of VinFast Auto during the third quarter worth approximately $48,000.

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.