Market Momentum Report: VinFast Auto Ltd. (VFS)’s Positive Close at 4.70

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The price of VinFast Auto Ltd. (NASDAQ: VFS) closed at $4.70 in the last session, up 1.29% from day before closing price of $4.64. In other words, the price has increased by $1.29 from its previous closing price. On the day, 1.16 million shares were traded. VFS stock price reached its highest trading level at $4.81 during the session, while it also had its lowest trading level at $4.54.

Ratios:

We take a closer look at VFS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.16 and its Current Ratio is at 0.47.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on January 03, 2024, initiated with a Buy rating and assigned the stock a target price of $10.

On November 21, 2023, Wedbush started tracking the stock assigning a Outperform rating and target price of $12.

On November 01, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $7.Cantor Fitzgerald initiated its Overweight rating on November 01, 2023, with a $7 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VFS now has a Market Capitalization of 10988740608 and an Enterprise Value of 154640867917824. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.98. Its current Enterprise Value per Revenue stands at 4.547 whereas that against EBITDA is -5.036.

Stock Price History:

The Beta on a monthly basis for VFS is 1.21, which has changed by -0.5502392 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, VFS has reached a high of $93.00, while it has fallen to a 52-week low of $2.26. The 50-Day Moving Average of the stock is 10.95%, while the 200-Day Moving Average is calculated to be -14.54%.

Shares Statistics:

According to the various share statistics, VFS traded on average about 2.89M shares per day over the past 3-months and 1612030 shares per day over the past 10 days. A total of 2.31B shares are outstanding, with a floating share count of 11.37M. Insiders hold about 99.51% of the company’s shares, while institutions hold 0.17% stake in the company. Shares short for VFS as of 1719532800 were 3577996 with a Short Ratio of 1.24, compared to 1717113600 on 4884878. Therefore, it implies a Short% of Shares Outstanding of 3577996 and a Short% of Float of 7.3.

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