VinFast Auto (NASDAQ:VFS) Upgraded to Strong-Buy at Chardan Capital

Chardan Capital upgraded shares of VinFast Auto (NASDAQ:VFS) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

VinFast Auto Stock Performance

VFS opened at $3.31 on Monday. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $6.42. The firm has a 50 day moving average price of $3.68 and a 200 day moving average price of $3.91. The company has a market cap of $7.74 billion, a PE ratio of -3.01 and a beta of 0.93.

Hedge Funds Weigh In On VinFast Auto

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in VinFast Auto in the 4th quarter valued at $600,000. Tidal Investments LLC grew its stake in shares of VinFast Auto by 30.0% in the third 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $153,000. Jump Financial LLC purchased a new stake in shares of VinFast Auto during the 4th quarter valued at about $51,000. Finally, XTX Topco Ltd acquired a new position in VinFast Auto during the 3rd 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.