After grabbing 0.68 million shares, the institutional investor is now in possession of 0.68 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.03% having worth around $5.78 million. Moreover, Morgan Stanley & Co. LLC increased its share by 0.34 million to have a control over 0.34 million shares. And Jane Street Capital LLC raised its holdings to 74389.0 shares by acquiring 74389.0 shares or 0.00% of the stake.
VinFast Auto Ltd. (VFS) concluded trading on December 20, 2023 at a closing price of $7.94, with 6.36 million shares of worth about $50.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.14% during that period and On Wednesday the price saw a loss of about -0.75%. Currently the company’s common shares owned by public are about 2.31B shares, out of which, 31.80M shares are available for trading.
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First Trust Merger Arbitrage Fund, Fidelity Nasdaq Composite Index F, and Fidelity Nasdaq Composite Index E are the top 3 mutual funds which are holding stakes in VinFast Auto Ltd. First Trust Merger Arbitrage Fund is currently holding 1.7 million shares of worth totaling $14.36 million. The company recently came buying 0.77 million shares which brought its stake up to 0.07% of the company’s outstanding shares. Fidelity Nasdaq Composite Index F bought 0.11 million shares, after which its hold over company’s outstanding shares expand to 0.03%, leaving 0.6 million shares with the mutual fund that have a worth of about $5.11 million. Fidelity Nasdaq Composite Index E, after buying 0.23 million shares, have now control over 0.01% of the stake in the company. It holds 42984.0 shares of worth $1.97 million.
However, the stock later moved at a day high price of 8.74, or with a loss of -0.75%. Stock saw a price change of 16.94% in past 5 days and over the past one month there was a price change of 48.13%. Year-to-date (YTD), VFS shares are showing a performance of -20.60% which decreased to -20.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.59 but also hit the highest price of $93.00 during that period. The average intraday trading volume for VinFast Auto Ltd. shares is 4.33 million. The stock is currently trading 12.43% above its 20-day simple moving average (SMA20), while that difference is up 22.86% for SMA50 and it goes to -33.74% lower than SMA200.
Geode Capital Management LLC acquired 0.68 million shares of VinFast Auto Ltd. having value of about $5.78 million. VinFast Auto Ltd. (NASDAQ: VFS) currently have 2.31B outstanding shares and institutions hold larger chunk of about 0.06% of that. Holding of mutual funds in the company is about -0.07% while other institutional holders and individual stake holders have control over 0.13% and — of the stake respectively.
The stock has a current market capitalization of $18.32B and its 3Y-monthly beta is at 0.72. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VFS, volatility over the week remained 9.20% while standing at 8.80% over the month.
Analysts are in expectations that VinFast Auto Ltd. (VFS) stock would likely to be making an EPS of -$0.22 in the current quarter, while forecast for next quarter EPS is -$0.2 and it is -$0.86 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.22 which is -$0.22 at the higher side of the target for the same.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on November 21, 2023 offering an Outperform rating for the stock and assigned a target price of $12 to it.
