VinFast Auto (NASDAQ:VFS) Upgraded to “Strong-Buy” at Chardan Capital

Chardan Capital upgraded shares of VinFast Auto (NASDAQ:VFS) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

VinFast Auto Stock Down 0.3 %

Shares of VFS stock opened at $3.30 on Monday. The company has a market capitalization of $7.72 billion, a P/E ratio of -3.00 and a beta of 0.93. VinFast Auto has a 12-month low of $2.26 and a 12-month high of $6.42. The firm has a 50-day moving average price of $3.66 and a 200 day moving average price of $3.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of VinFast Auto in the third quarter valued at about $48,000. Tidal Investments LLC increased its position in VinFast Auto by 30.0% in the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after acquiring an additional 39,787 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in VinFast Auto in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in shares of VinFast Auto in the fourth quarter worth about $153,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of VinFast Auto during the fourth quarter worth approximately $600,000.

About VinFast Auto

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.