Streetbeat News

VFS

VinFast Auto Ltd.

https://vinfastauto.us

Industry

Auto - Manufacturers

VinFast Auto Ltd., an automotive manufacturer, engages in Automobiles and E-scooter related business in Vietnam and the United States. The company operates through Automobiles, E-scooter, Spare Parts, and Aftermarket Services segments. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses. The E-scooter segment provides design, development, manufacturing, and sales of e-scooters. The Spare Parts, and Aftermarket Services segment engages in sale of spare parts and aftermarket services for automobiles and e-scooters. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. The company operates as a subsidiary of Vingroup Joint Stock Company.

Open

3.90

Mkt cap

9.4B

Volume

1.1M

High

4.10

P/E Ratio

-3.78

52-wk high

9.30

Low

3.80

Div yield

N/A

52-wk low

2.25

VinFast Auto's shares are trading lower due to continued weakness after the company's recent Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:30 pm

VinFast Auto Ltd. (NASDAQ:VFS) shares dropped after announcing a partnership with Mobivia to expand aftersales service in Europe, despite a 444% increase in EV deliveries year over year. Analysts at Cantor Fitzgerald lowered their price forecast for VFS to $8 from $9, citing a slump in EV demand. They also reduced FY24 revenue estimates to $2.4 billion from $2.6 billion and adjusted FY24 gross margin projections. The company continues to expand its dealership network globally.

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 4:31 pm

Cantor Fitzgerald analyst Andres Sheppard maintains an Overweight rating on VinFast Auto (NASDAQ:VFS) but lowers the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:54 pm

VinFast Auto (NASDAQ:VFS) has signed a cooperation agreement with Mobivia to expand its aftersales service network in France and Germany, enhancing support for VinFast customers in these countries.

Portfolio Pulse from Charles Gross

April 19, 2024 | 11:18 am

Cantor Fitzgerald analyst Andres Sheppard has maintained an Overweight rating on VinFast Auto (NASDAQ:VFS) but lowered the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:38 pm

Chardan Capital analyst Brian Dobson maintains a Buy rating on VinFast Auto (NASDAQ:VFS) with a $13 price target.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:34 pm

VinFast Auto Ltd. (NASDAQ:VFS) shares are rising in the premarket session after announcing its parent company, Vingroup, reached an agreement with institutional investors to partially redeem and amend $625.0 million of exchangeable bonds. The deal involves a 50% redemption of bonds held by each investor, with the rest subject to scheduled redemptions. This move comes as VinFast reaffirms its target to deliver 100,000 EVs in FY24, despite reporting a wider Q1 EPS loss than expected and a significant year-over-year revenue increase.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 12:13 pm

BTIG analyst Greg Lewis has maintained a Buy rating on VinFast Auto (NASDAQ:VFS) but has lowered the price target from $8 to $5.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:37 am

VinGroup has reached an agreement with investors to amend and partially redeem $625M in bonds that are exchangeable for shares of VinFast (VFS).

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:11 am

Travelers Companies, Inc. (TRV) shares fell by 8.1% after reporting mixed Q1 earnings, missing the consensus forecast. Other stocks showed significant movement, with INVO Bioscience, Inc. (INVO) and Edible Garden AG (EDBL) among the top gainers, while ICZOOM Group Inc. (IZM) and Sunshine Biopharma, Inc. (SBFM) led the losers. The market saw a wide range of stock performance, influenced by earnings reports, strategic agreements, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:36 pm

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