GSA Capital Partners LLP Makes New Investment in VinFast Auto Ltd. (NASDAQ:VFS)

GSA Capital Partners LLP acquired a new position in shares of VinFast Auto Ltd. (NASDAQ:VFS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,529 shares of the company’s stock, valued at approximately $44,000.

Separately, Tidal Investments LLC lifted its holdings in VinFast Auto by 18.7% in the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock worth $763,000 after purchasing an additional 24,235 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $6.00 price target on shares of VinFast Auto in a report on Monday, September 30th.

VinFast Auto Price Performance

NASDAQ VFS opened at $3.93 on Tuesday. The stock has a 50-day simple moving average of $3.86 and a 200 day simple moving average of $4.05. VinFast Auto Ltd. has a twelve month low of $2.26 and a twelve month high of $9.30.

VinFast Auto (NASDAQ:VFS) last released its earnings results on Friday, September 20th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.09). The company had revenue of $357.39 million for the quarter, compared to analysts’ expectations of $583.76 million. As a group, analysts predict that VinFast Auto Ltd. will post -1.13 earnings per share for the current fiscal year.

VinFast Auto 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.