VinFast Auto Ltd (VFS) Outlook Starting To Look Brighter?

VinFast Auto Ltd (VFS) concluded trading on Wednesday at a closing price of $5.07, with 7.67 million shares of worth about $38.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.42% during that period and on December 04, 2024 the price saw a gain of about 25.50%. Currently the company’s common shares owned by public are about 2.31B shares, out of which, 50.06M shares are available for trading.

Stock saw a price change of 28.35% in past 5 days and over the past one month there was a price change of 36.66%. Year-to-date (YTD), VFS shares are showing a performance of -39.43% which decreased to -28.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.26 but also hit the highest price of $8.78 during that period. The average intraday trading volume for VinFast Auto Ltd shares is 788.85K. The stock is currently trading 25.95% above its 20-day simple moving average (SMA20), while that difference is up 29.44% for SMA50 and it goes to 23.96% higher than SMA200.

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VinFast Auto Ltd (NASDAQ: VFS) currently have 2.31B outstanding shares and institutions hold larger chunk of about 0.14% of that.

The stock has a current market capitalization of $11.86B and its 3Y-monthly beta is at 1.19. 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 9.98% while standing at 5.76% over the month.

Stock’s fiscal year EPS is expected to rise by 0.96% while it is estimated to increase by 24.92% 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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