Growth Story Still Intact For VinFast Auto Ltd. (VFS)

VinFast Auto Ltd. (VFS) concluded trading on Wednesday at a closing price of $4.44, with 3.68 million shares of worth about $16.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -54.69% during that period and on April 3, 2024 the price saw a loss of about -8.26%. Currently the company’s common shares owned by public are about 2.31B shares, out of which, 49.07M shares are available for trading.

However, the stock later moved at a day high price of 5.24, or with a loss of -8.26%. Stock saw a price change of -5.53% in past 5 days and over the past one month there was a price change of -15.91%. Year-to-date (YTD), VFS shares are showing a performance of -46.95% which decreased to -56.51% 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 1.90 million. The stock is currently trading -10.83% below its 20-day simple moving average (SMA20), while that difference is down -16.86% for SMA50 and it goes to -57.49% lower than SMA200.

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VinFast Auto Ltd. (NASDAQ: VFS) currently have 2.31B outstanding shares and institutions hold larger chunk of about 0.21% of that.

The stock has a current market capitalization of $10.38B and its 3Y-monthly beta is at 0.61. 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 6.10% while standing at 4.68% over the month.

Stock’s fiscal year EPS is expected to rise by 14.90% while it is estimated to increase by 16.38% in next year.

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 BTIG Research on January 03, 2024 offering a Buy rating for the stock and assigned a target price of $10 to it. Coverage by Wedbush stated VinFast Auto Ltd. (VFS) stock as an Outperform in their note to investors on November 21, 2023, suggesting a price target of $12 for the stock.

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