VinFast Auto Ltd. (NASDAQ: VFS) Stock: Can It Surge Further?

In today’s recent session, 1.3 million shares of the VinFast Auto Ltd. (NASDAQ:VFS) have been traded, and its beta is 1.09. Most recently the company’s share price was $4.18, and it changed around $0.07 or 1.58% from the last close, which brings the market valuation of the company to $9.76B. VFS at last check was trading at a discount to its 52-week high of $93.00, offering almost -2124.88% off that amount. The share price’s 52-week low was $2.26, which indicates that the recent value has risen by an impressive 45.93% since then. We note from VinFast Auto Ltd.’s average daily trading volume that its 3-month average coming to 2.53 million.

VinFast Auto Ltd. (NASDAQ:VFS) trade information

Instantly VFS has been showing a green trend so far today with a performance of 1.58% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -50.12% year-to-date, but still up 43.97% over the last five days. On the other hand, VinFast Auto Ltd. (NASDAQ:VFS) is 35.99% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 35.69% from its current value. Analyst projections state that VFS is forecast to be at a low of $5 and a high of $8.

VinFast Auto Ltd. (VFS) estimates and forecasts

VinFast Auto Ltd. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -29.24 percent over the past six months and at a 9.62% annual growth rate that is well below the industry average of 10.50%. The year-over-year growth rate is expected to be 113.40%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $440.09 million in revenue for the current quarter. 4 analysts expect VinFast Auto Ltd. to make $747.86 million in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were -$.