VinFast Auto Ltd (NASDAQ: VFS) Stock Gained 36.84% Over A Month – Any Room To Run?

VinFast Auto Ltd (NASDAQ:VFS)’s traded shares stood at 1.22 million during the latest session, with the company’s beta value hitting 1.18. At the last check today, the stock’s price was $5.14, to imply an increase of 1.48% or $0.07 in intraday trading. The VFS share’s 52-week high remains $8.78, putting it -70.82% down since that peak but still an impressive 56.03% since price per share fell to its 52-week low of $2.26. The company has a valuation of $12.03B, with an average of 1.37 million shares in intraday trading volume over the past 10 days and average of 895.77K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for VinFast Auto Ltd (VFS), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give VFS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.21.

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VinFast Auto Ltd (NASDAQ:VFS) trade information

After registering a 1.48% upside in the latest session, VinFast Auto Ltd (VFS) has traded red over the past five days. The 5-day price performance for the stock is 20.77%, and 36.84% over 30 days. With these gigs, the year-to-date price performance is -38.53%. Short interest in VinFast Auto Ltd (NASDAQ:VFS) saw shorts transact 3.69 million shares and set a 4.72 days time to cover.

The extremes give us $5 and $8 for target low and target high price respectively. As such, VFS has been trading -55.64% off suggested target high and 2.72% from its likely low.

VinFast Auto Ltd (VFS) estimates and forecasts

Looking at statistics comparing VinFast Auto Ltd share performance against respective industry, we note that the company has outperformed competitors. VinFast Auto Ltd (VFS) shares are 13.33% up over the last 6 months, with its year-to-date growth rate higher than industry average at 0.00% against -10.90%. The rating firms project that company’s revenue will grow 56.99% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 16.75T. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 14.16T.Earnings reports from the last fiscal year show that sales brought in 10.74T and 7.69T respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 56.04% before jumping 84.05% in the following quarter.

VFS Dividends

VinFast Auto Ltd has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

VinFast Auto Ltd (NASDAQ:VFS)’s Major holders

We also have Fidelity NASDAQ Composite Index Fund and Fidelity NASDAQ Composite Index ETF as the top two Mutual Funds with the largest holdings of the VinFast Auto Ltd (VFS) shares. Going by data provided on Sep 30, 2024, Fidelity NASDAQ Composite Index Fund holds roughly 1.38 shares. This is just over 0.06% of the total shares, with a market valuation of $7.09 million. Data from the same date shows that the other fund manager holds a little less at 521.63, or 0.02% of the shares, all valued at about 2.68 million.