VinFast Auto (NASDAQ:VFS) Trading Up 2.9% – Here’s What Happened

Shares of VinFast Auto Ltd. (NASDAQ:VFS) were up 2.9% on Friday . The stock traded as high as $3.33 and last traded at $3.35. Approximately 287,568 shares traded hands during trading, a decline of 79% from the average daily volume of 1,393,657 shares. The stock had previously closed at $3.25.

Analysts Set New Price Targets

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

VinFast Auto Stock Up 4.3 %

The company’s fifty day moving average price is $3.64 and its two-hundred day moving average price is $3.90. The company has a market cap of $7.93 billion, a price-to-earnings ratio of -3.08 and a beta of 0.93.

Institutional Trading of VinFast Auto

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of VinFast Auto during the fourth quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of VinFast Auto during the 4th quarter worth approximately $29,000. Walleye Trading LLC acquired a new stake in shares of VinFast Auto in the fourth quarter valued at approximately $46,000. XTX Topco Ltd bought a new stake in shares of VinFast Auto in the third quarter worth $48,000. Finally, Jump Financial LLC acquired a new position in VinFast Auto during the fourth quarter worth $51,000.

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.