XTX Topco Ltd Makes New Investment in VinFast Auto Ltd. (NASDAQ:VFS)

XTX Topco Ltd bought a new position in VinFast Auto Ltd. (NASDAQ:VFS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,546 shares of the company’s stock, valued at approximately $48,000.

Separately, GSA Capital Partners LLP acquired a new position in shares of VinFast Auto in the 3rd quarter valued at $44,000.

VinFast Auto Trading Up 2.7 %

NASDAQ:VFS opened at $4.22 on Monday. VinFast Auto Ltd. has a 1-year low of $2.26 and a 1-year high of $8.78. The firm has a market capitalization of $89.17 million, a price-to-earnings ratio of -3.84 and a beta of 0.92. The business’s fifty day moving average price is $4.09 and its 200 day moving average price is $4.01.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings results on Friday, September 20th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.09). The firm had revenue of $357.39 million for the quarter, compared to analyst estimates of $583.76 million. Equities analysts forecast that VinFast Auto Ltd. will post -1.03 earnings per share for the current year.

Wall Street Analyst Weigh In

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

VinFast Auto 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.