Geode Capital Management LLC recently announced the acquisition of new stake in VinFast Auto Ltd. (NASDAQ:VFS). This fresh investment now brings its stake to 0.03% valued currently at $5.78 million. In addition, Morgan Stanley & Co. LLC raised its holdings by 0.34 million to 0.34 million shares.
With over 6.61 million VinFast Auto Ltd. (VFS) shares trading Tuesday and a closing price of $7.05 on the day, the dollar volume was approximately $46.6 million. The shares have shown a negative half year performance of -31.83% and its price on 01/02/24 lost nearly -15.77%. Currently, there are 2.31B common shares owned by the public and among those 31.80M shares have been available to trade.
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The top 3 mutual fund holders in VinFast Auto Ltd. are First Trust Merger Arbitrage Fund, Fidelity Nasdaq Composite Index F, and Fidelity Nasdaq Composite Index E. First Trust Merger Arbitrage Fund owns 1.7 million shares of the company’s stock, all valued at over $14.36 million. The company bought an additional 0.77 million shares recently to bring their total holdings to about 0.07% of the shares outstanding. Fidelity Nasdaq Composite Index F bought 0.11 million shares to see its total holdings expand to 0.6 million shares valued at over $5.11 million and representing 0.03% of the shares outstanding. Fidelity Nasdaq Composite Index E bought 42984.0 shares to bring its total holdings to over 0.23 million shares at a value of $1.97 million. Fidelity Nasdaq Composite Index E now owns shares totaling to 0.01% of the shares outstanding.
Shares of VinFast Auto Ltd. (NASDAQ: VFS) opened at $8.04, down -$0.33 from a prior closing price of $8.37. However, the script later moved the day high at 8.05, down -15.77%. The company’s stock has a 5-day price change of -11.76% and -28.06% over the past three months. VFS shares are trading -15.77% year to date (YTD), with the 12-month market performance down to -29.29% lower. It has a 12-month low price of $4.59 and touched a high of $93.00 over the same period. VFS has an average intraday trading volume of 4.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.49%, 6.65%, and -40.84% respectively.
Institutional ownership of VinFast Auto Ltd. (NASDAQ: VFS) shares accounts for 0.06% of the company’s 2.31B shares outstanding. Mutual fund holders own -0.07%, while other institutional holders and individual stakeholders account for 0.13% and — respectively.
It has a market capitalization of $16.27B and a beta (3y monthly) value of 0.74. The earnings-per-share (ttm) stands at -$0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.43% over the week and 7.68% over the month.
Analysts forecast that VinFast Auto Ltd. (VFS) will achieve an EPS of -$0.22 for the current quarter, -$0.2 for the next quarter and -$0.86 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.22.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate VinFast Auto Ltd. (VFS) as a “Strong Buy” at a consensus score of 1.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VFS, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on November 21, 2023, with the firm’s price target at $12.
