Streetbeat News

VFS

VinFast Auto Ltd.

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

3.12

Mkt cap

7.7B

Volume

370K

High

3.28

P/E Ratio

-3.22

52-wk high

6.42

Low

3.07

Div yield

N/A

52-wk low

2.25

Tesla, Inc. (TSLA) led a recovery in EV stocks with its earnings call updates, including an accelerated production start for a new model and the Tesla Semi's manufacturing plans. Fisker, Inc. (FSRN) is in talks for a potential sale due to liquidity concerns. BYD Co. Ltd. (BYDDY, BYDDF) announced its first energy pickup truck, the BYD Shark. VinFast Auto Ltd. (VFS) may receive additional investment from its founder. Rivian offered discounts on new R1 models. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 12:48 pm

Vietnamese billionaire Pham Nhat Vuong plans to invest an additional $1 billion into VinFast Auto Ltd (VFS), a Nasdaq-listed electric vehicle manufacturer he controls. Despite VinFast's stock price dropping from $10 to $2.5 since its listing in August and the company facing significant sales challenges and financial losses, Vuong remains optimistic about the EV market's future. VinFast has accumulated losses of $5.7 billion over the past three years, contributing to a 38% drop in Vingroup's share price since the U.S. listing. Vuong's investment reflects his confidence in VinFast's long-term prospects.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 6:37 am

In Wednesday's pre-market session, consumer discretionary stocks saw significant movements. Amesite and Volcon were among the top gainers, with Amesite surging 57% and Volcon up 15.41%. Tesla also rose by 12.89% following its Q1 earnings report. On the downside, Vince Holding and Nova Lifestyle were notable losers, dropping 10% and 6.57%, respectively. The movements reflect a mix of earnings reports and market adjustments.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:06 pm

VinFast Auto has signed agreements with 12 dealers across the U.S. to expand its distribution network. This move is part of VinFast's strategy to increase its presence in the U.S. automotive market.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:25 pm

Tesla faced a challenging week with job cuts, price reductions, and lowered analyst expectations, impacting its stock negatively. Rivian also announced job cuts due to the industry slowdown. Canoo received a 'Buy' rating from Benchmark, while Lucid showcased its 2024 Air Grand Touring with the longest range among US EVs. Fisker announced new dealer partnerships amid bankruptcy concerns. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader market trends and specific company issues in the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:33 pm

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

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