VinFast Auto Sees Unusually Large Options Volume (NASDAQ:VFS)

VinFast Auto Ltd. (NASDAQ:VFS) was the target of some unusual options trading activity on Thursday. Traders acquired 2,196 call options on the stock. This represents an increase of approximately 123% compared to the average volume of 985 call options.

VinFast Auto Price Performance

VinFast Auto stock traded down $0.42 during midday trading on Thursday, hitting $4.27. 686,146 shares of the stock were exchanged, compared to its average volume of 593,585. The company has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $3.42. The firm has a market cap of $9.98 billion, a P/E ratio of -2.56 and a beta of 0.73. VinFast Auto has a 1 year low of $2.78 and a 1 year high of $5.28.

VinFast Auto (NASDAQ:VFS) last released its earnings results on Monday, March 16th. The company reported ($0.60) earnings per share for the quarter. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.12 billion. As a group, analysts predict that VinFast Auto will post -1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VFS shares. Chardan Capital restated a “buy” rating and set a $5.50 target price on shares of VinFast Auto in a report on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, VinFast Auto presently has a consensus rating of “Hold” and a consensus target price of $5.83.

Institutional Investors Weigh In On VinFast Auto

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC bought a new stake in shares of VinFast Auto in the 4th quarter worth about $105,000. Bank of America Corp DE increased its position in shares of VinFast Auto by 132.3% in the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock worth $242,000 after purchasing an additional 42,826 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of VinFast Auto in the 4th quarter worth about $600,000. Blue Trust Inc. increased its position in shares of VinFast Auto by 40.7% in the 4th quarter. Blue Trust Inc. now owns 40,473 shares of the company’s stock worth $135,000 after purchasing an additional 11,705 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of VinFast Auto by 87.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock worth $523,000 after purchasing an additional 72,923 shares during the last quarter.

About VinFast Auto

VinFast Auto, founded in 2017 as a subsidiary of Vietnam’s Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.

The company’s vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.