VinFast Auto (NASDAQ:VFS) Issues Earnings Results, Misses Estimates By $0.16 EPS

VinFast Auto (NASDAQ:VFS) released its earnings results on Friday. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.16), Zacks reports.

VinFast Auto Price Performance

Shares of VFS stock traded down $0.44 on Friday, hitting $3.03. The company’s stock had a trading volume of 1,109,592 shares, compared to its average volume of 557,037. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of -2.13 and a beta of 0.88. VinFast Auto has a fifty-two week low of $2.56 and a fifty-two week high of $5.38. The firm’s fifty day moving average price is $3.30 and its 200-day moving average price is $3.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. PharVision Advisers LLC bought a new stake in VinFast Auto during the 3rd quarter valued at approximately $43,000. Brooklyn Investment Group acquired a new position in shares of VinFast Auto during the third quarter worth approximately $61,000. State of Wyoming acquired a new position in shares of VinFast Auto during the second quarter worth approximately $63,000. Finally, Bank of America Corp DE boosted its position in shares of VinFast Auto by 132.3% in the third quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock valued at $242,000 after acquiring an additional 42,826 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VinFast Auto in a research note on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $6.00 price target on shares of VinFast Auto in a research report on Friday, September 5th. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $5.50 price target on shares of VinFast Auto in a report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, VinFast Auto currently has an average rating of “Hold” and a consensus target price of $5.75.

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.