Chardan Capital Upgrades VinFast Auto (NASDAQ:VFS) to “Strong-Buy”

VinFast Auto (NASDAQ:VFS) was upgraded by investment analysts at Chardan Capital to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

VinFast Auto Price Performance

NASDAQ:VFS opened at $3.31 on Monday. The company’s fifty day moving average price is $3.68 and its 200-day moving average price is $3.91. VinFast Auto has a 1-year low of $2.26 and a 1-year high of $6.42. The firm has a market capitalization of $7.74 billion, a P/E ratio of -3.01 and a beta of 0.93.

Institutional Trading of VinFast Auto

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of VinFast Auto in the 4th quarter valued at approximately $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of VinFast Auto during the 4th quarter worth about $29,000. Mariner LLC boosted its holdings in shares of VinFast Auto by 84.2% in the 4th quarter. Mariner LLC now owns 24,666 shares of the company’s stock valued at $99,000 after buying an additional 11,277 shares in the last quarter. Walleye Trading LLC acquired a new position in VinFast Auto in the fourth quarter valued at $46,000. Finally, XTX Topco Ltd purchased a new position in VinFast Auto during the 3rd quarter worth approximately $48,000.

About VinFast Auto

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.