VinFast Auto (NASDAQ:VFS) Upgraded at Chardan Capital

VinFast Auto (NASDAQ:VFS) was upgraded by equities research analysts at Chardan Capital to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

VinFast Auto Stock Performance

Shares of VFS opened at $3.31 on Monday. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $6.42. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of -3.01 and a beta of 0.93. The company’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.91.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new position in shares of VinFast Auto during the 4th quarter valued at approximately $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in VinFast Auto in the fourth quarter valued at $29,000. Walleye Trading LLC acquired a new position in VinFast Auto during the 4th quarter valued at about $46,000. XTX Topco Ltd bought a new position in VinFast Auto in the 3rd quarter worth approximately $48,000. Finally, Jump Financial LLC acquired a new position in shares of VinFast Auto during the fourth quarter valued at $51,000.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, 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, and related battery lease and battery charging services for electric cars and buses.