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

In Wednesday's intraday session, 12 consumer discretionary stocks saw significant movements. Notably, Massimo (MAMO) surged 19.4% after announcing Q4 earnings, while Zapp Electric Vehicles (ZAPP) plummeted 35.7%. Other gainers include Kidpik (PIK), Children's Place (PLCE), EZGO Technologies (EZGO), WW International (WW), and ATA Creativity Glb (AACG). Losers comprised Kaival Brands Innovations (KAVL), VinFast Auto (VFS), Mullen Automotive (MULN), Fossil Group's Senior Notes (FOSLL), and Educational Development (EDUC).

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:31 pm

VinFast Auto's shares are trading lower after the company reported its Q1 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:57 pm

VinFast Auto has reaffirmed its target to deliver 100,000 electric vehicles (EVs) in the fiscal year 2024. As of March 31, the company reported having cash and equivalents totaling $123.3 million. This outlook is based on the company's current and preliminary view of the business and market conditions, which may change.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:21 am

VinFast Auto reported Q1 earnings with a loss of $(0.26) per share, missing the consensus estimate of $(0.22). Sales reached $302.65M, marking a 269.7% increase YoY, primarily from EV sales.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:18 am

Earnings reports for April 17, 2024, include a wide range of companies across various sectors, with projections covering earnings per share and revenue. Notable companies reporting include ASML Holding, VinFast Auto, Prologis, Abbott Laboratories, and U.S. Bancorp before the bell, and Exela Technologies, Las Vegas Sands, Equifax, Alcoa, and CSX after the bell.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:15 am

Shares of companies in the consumer discretionary sector, including ABNB, ARHS, BIRD, DASH, DFH, DUOL, ECDA, EZGO, F, JL, JWEL, KXIN, LOBO, LOT, MSC, RGS, SG, SOND, TBLT, VFS, ZCMD, are trading lower due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:50 pm

EV stocks, including LCID, MULN, NIO, and PSNY, are trading lower due to overall market weakness, Middle East tensions, rising yields, and potential layoffs at Tesla affecting the sector.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:47 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS), maintaining a price target of $9. This reaffirmation of the positive outlook on VFS suggests confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:41 pm

Vingroup's electric vehicle unit, VinFast Auto Ltd (NASDAQ:VFS), faces financial challenges with a $5.7 billion loss over the past three years amid global expansion efforts. Despite substantial capital injections from Vingroup and its affiliates, VinFast's reliance on sales to related entities and a downturn in global EV demand pose risks. Vingroup's stock has fallen 38% since VinFast's U.S. listing, and the company has recently sold assets to support VinFast, which has seen its shares plummet by 97% since its peak post-debut.

Portfolio Pulse from Nabaparna Bhattacharya

April 13, 2024 | 7:59 pm

Electric vehicle stocks had a mixed week, with Tesla, Inc. (TSLA) ending higher despite volatility. Tesla slashed its FSD subscription price by 50% to $99/month to boost adoption. Elon Musk confirmed a visit to India to discuss Tesla's plans, potentially impacting the company's strategy in the region. Nikola Corporation (NKLA) faced a setback with shares dropping due to a boardroom battle and a proxy filing by founder Trevor Milton. Ford Motor Co. (F) reduced prices for its F-150 Lightning EV, and Volkswagen AG (VWAGY) reported diverging EV sales in Europe and China. Canoo, Inc. (GOEV) announced a pilot program with Red Sea Global in Saudi Arabia. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

April 13, 2024 | 1:39 pm

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