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

3.90

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

Shares of VinFast Auto have experienced a significant increase in premarket trading. The specific reasons behind the spike are not detailed in the article provided.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:45 am

Shares of companies in the consumer discretionary sector are up due to a drop in Treasury yields, positively affecting stock prices.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:55 pm

Zacks Under $10 Newsletter has reportedly picked VinFast Auto Ltd. (VFS) as a stock to watch. This could indicate a positive outlook on VFS by Zacks, potentially influencing investor interest and the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:49 pm

Electric vehicle stocks had mixed results with Tesla and Chinese EV companies ending positively. Tesla faced a strike in Sweden and is preparing for the Cybertruck launch. Rivian's CEO RJ Scaringe is taking on more product development roles. Fisker's stock rallied despite a disappointing quarterly report. Nio's executive refuted rumors of the company's collapse. GM's Cruise is planning a cautious robotaxi relaunch. The KraneShares Electric Vehicles ETF saw a slight weekly decline.

Portfolio Pulse from Shanthi Rexaline

November 25, 2023 | 2:34 pm

Urban Outfitters, Inc. (NASDAQ:URBN) shares dropped by approximately 10% despite reporting Q3 earnings of 88 cents per share, above the consensus estimate of 82 cents, and record sales of $1.28 billion, surpassing expectations of $1.26 billion. Other stocks experienced movements in Wednesday's mid-day session, with notable gainers including AgileThought, Inc. (AGIL), PaxMedica, Inc. (PXMD), and SciSparc Ltd. (SPRC), among others. Losers included Alterity Therapeutics Limited (ATHE), MIRA Pharmaceuticals, Inc. (MIRA), and Tharimmune, Inc. (THAR), with companies like Guess?, Inc. (GES), Nordstrom, Inc. (JWN), and Deere & Company (DE) also reporting declines after their financial results.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 7:03 pm

Wedbush analyst Daniel Ives initiated coverage on VinFast Auto Ltd. (NASDAQ:VFS) with an Outperform rating and a $12 price target. The report praises VinFast's global strategy, its new EV factory in North Carolina, and its advanced production facility in Vietnam. VinFast's stock has risen nearly 20% over the last month and is up 7% at the time of publication.

Portfolio Pulse from Erica Kollmann

November 22, 2023 | 5:08 pm

U.S. stocks were up, with the Dow Jones gaining about 100 points. HP Inc. (HPQ) shares rose 3.9% after reporting quarterly results with net revenue of $13.817 billion, slightly above consensus, and adjusted EPS of $0.90, meeting expectations. The company maintained its full-year profit forecast. Other stocks that moved higher include Gyre Therapeutics (GYRE), agilon health (AGL), GH Research (GHRS), VinFast Auto (VFS), Trip.com Group (TCOM), Calumet Specialty Products Partners (CLMT), PagSeguro Digital (PAGS), and Iridium Communications (IRDM), with Iridium's CEO purchasing 28,000 shares.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 3:06 pm

VinFast Auto's stock is trading higher following an Outperform rating and $12 price target initiation by Wedbush.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:53 pm

Wedbush analyst Daniel Ives has initiated coverage on VinFast Auto (NASDAQ:VFS) with an Outperform rating and set a price target of $12 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:53 pm

Electric vehicle stocks saw gains in the week ending Nov. 18, with Tesla (TSLA) up over 10% despite controversy over CEO Elon Musk's support for antisemitic content. Tesla faces union issues in Sweden and prepares for the Cybertruck launch. Nikola (NKLA) announced the resignation of CFO Anastasiya Pasterick. Fisker (FSR) reported disappointing Q3 results and internal control weaknesses. Rivian (RIVN) offers incentives for R1T purchases. Volkswagen (VWAGY) recalls ID.4s over flammability concerns. The KraneShares Electric Vehicles ETF (KARS) ended the week up 4.51% but down 0.88% on Friday.

Portfolio Pulse from Shanthi Rexaline

November 18, 2023 | 2:39 pm

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