VinFast Auto Ltd. (NASDAQ:VFS) shares traded -10.48% lower at $6.49 on Wall Street last session.
In accordance with the data, 2 analysts cover VinFast Auto Ltd. (NASDAQ:VFS). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $7.00, we find $9.00. Given the previous closing price of $7.25, this indicates a potential upside of 24.14 percent. VFS stock price is now -46.71% away from the 50-day moving average and -47.90% away from the 200-day moving average. The market capitalization of the company currently stands at $14.97B.
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It has been rated a hold by 0 analysts and a buy by 2. Brokers who have rated the stock have averaged $9.00 as their price target over the next twelve months.
With the price target of $7, Cantor Fitzgerald recently initiated with Overweight rating for VinFast Auto Ltd. (NASDAQ: VFS).
A total of 98.62% of the company’s stock is owned by insiders.
VinFast Auto Ltd. (NASDAQ: VFS) opened at $7.33 on Thursday. During the past 12 months, VinFast Auto Ltd. has had a low of $4.59 and a high of $93.00. The fifty day moving average price for VFS is $12.18 and a two-hundred day moving average price translates $17.07 for the stock.
The latest earnings results from VinFast Auto Ltd. (NASDAQ: VFS) was released for Sep, 2023. The net profit margin was -169.08% and return on equity was 3.38% for VFS.
VinFast Auto Ltd.(VFS) Company Profile
VinFast Auto Ltd., an automotive manufacturer, engages in Automobiles and E-scooter related business in Vietnam 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. The E-scooter segment provides design, development, manufacturing, and sales of e-scooters. The Spare Parts, and Aftermarket Services segment engages in sale of spare parts and aftermarket services for automobiles and e-scooters. It also offers accessories and part. VinFast Auto Ltd. was founded in 2017 and is based in Hai Phong City, Vietnam. VinFast Auto Ltd. is a subsidiary of Vingroup Joint Stock Company.
