Market Recap: VinFast Auto Ltd (VFS)’s Negative Momentum, Closing at 3.71

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The closing price of VinFast Auto Ltd (NASDAQ: VFS) was $3.71 for the day, down -1.33% from the previous closing price of $3.76. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 1.01 million shares were traded. VFS stock price reached its highest trading level at $3.78 during the session, while it also had its lowest trading level at $3.62.

Ratios:

Our analysis of VFS’s different ratios will help us gain a deeper understanding of the company. 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 8793479168 and an Enterprise Value of 218851132309504. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.69. Its current Enterprise Value per Revenue stands at 6.595 whereas that against EBITDA is -6.588.

Stock Price History:

Over the past 52 weeks, VFS has reached a high of $9.30, while it has fallen to a 52-week low of $2.26. The 50-Day Moving Average of the stock is -2.48%, while the 200-Day Moving Average is calculated to be -12.92%.

Shares Statistics:

VFS traded an average of 796.91K shares per day over the past three months and 1169140 shares per day over the past ten days. A total of 2.31B shares are outstanding, with a floating share count of 50.06M. Insiders hold about 97.86% of the company’s shares, while institutions hold 0.14% stake in the company. Shares short for VFS as of 1728950400 were 3698143 with a Short Ratio of 4.64, compared to 1726185600 on 3201473. Therefore, it implies a Short% of Shares Outstanding of 3698143 and a Short% of Float of 7.4499995.

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