VinFast Auto (NASDAQ:VFS) Releases Earnings Results, Misses Expectations By $0.16 EPS

VinFast Auto (NASDAQ:VFS - Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.16), Zacks reports.VinFast Auto Trading Down 12.6%EV Tax Credits Are Ending—Here’s Why These 2 Stocks Could SoarNASDAQ:VFS traded down $0.44 during trading hours on Friday, reaching $3.03. 1,042,999 shares of the company were exchanged, compared to its average volume of 556,669. The firm has a market cap of $7.07 billion, a PE ratio of -2.14 and a beta of 0.88. VinFast Auto has a twelve month low of $2.56 and a twelve month high of $5.38. The stock's 50-day moving average is $3.30 and its 200-day moving average is $3.44. Institutional Investors Weigh In On VinFast AutoA number of large investors have recently modified their holdings of VFS. PharVision Advisers LLC acquired a new stake in VinFast Auto during the third quarter worth about $43,000. Brooklyn Investment Group purchased a new position in shares of VinFast Auto in the 3rd quarter valued at approximately $61,000. State of Wyoming purchased a new position in shares of VinFast Auto in the 2nd quarter valued at approximately $63,000. Finally, Bank of America Corp DE grew its position in VinFast Auto by 132.3% in the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company's stock valued at $242,000 after buying an additional 42,826 shares during the last quarter. Analyst Ratings ChangesVinFast Auto's EV Sales Target: Stock Market Hype or Reality?A number of research firms have issued reports on VFS. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $6.00 price target on shares of VinFast Auto in a report on Friday, September 5th. Chardan Capital restated a "buy" rating and issued a $5.50 target price on shares of VinFast Auto in a research note on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of VinFast Auto in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $5.75.View Our Latest Stock Report on VinFast AutoAbout VinFast Auto (Get Free Report)3 mid-caps under $20 that Wall Street lovesVinFast 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.Featured ArticlesFive stocks we like better than VinFast AutoWhat Investors Need to Know to Beat the Market4 High-Risk Growth Stocks Under $15 to Watch This FallComparing and Trading High PE Ratio StocksWalmart Stock Surges After a Solid Q3—Stronger Growth AheadAsset Allocation Strategies in Volatile MarketsMicrosoft’s AI Superfactory Could Power a Stock RallyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in VinFast Auto Right Now?Before you consider VinFast Auto, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VinFast Auto wasn't on the list.While VinFast Auto currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here