VinFast Auto Ltd. [VFS] Stock trading around $6.32 per share: What’s Next?

VinFast Auto Ltd. [NASDAQ: VFS] stock went on an upward path that rose over 29.51% on Monday, amounting to a one-week price increase of more than 38.60%.

Over the last 12 months, VFS stock dropped by -38.64%. The one-year VinFast Auto Ltd. stock forecast points to a potential upside of 25.65. The average equity rating for VFS stock is currently 1.00, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $14.78 billion, with 2.31 billion shares outstanding and 49.15 million shares in the current float. Compared to the average trading volume of 2.62M shares, VFS stock reached a trading volume of 10681605 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on VinFast Auto Ltd. [VFS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VFS shares is $8.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VFS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for VinFast Auto Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 03, 2024. While these analysts kept the previous recommendation, Wedbush raised their target price to Outperform. The new note on the price target was released on November 21, 2023, representing the official price target for VinFast Auto Ltd. stock. Previously, the target price had yet another raise to $7, while Cantor Fitzgerald analysts kept a Overweight rating on VFS stock.

The Average True Range (ATR) for VinFast Auto Ltd. is set at 0.51, with the Price to Sales ratio for VFS stock in the period of the last 12 months amounting to 21.83.

VFS Stock Performance Analysis:

VinFast Auto Ltd. [VFS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 38.60. With this latest performance, VFS shares gained by 150.79% in over the last four-week period, additionally plugging by 9.91% over the last 6 months – not to mention a drop of -38.64% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VFS stock in for the last two-week period is set at 78.88, with the RSI for the last a single of trading hit 85.52, and the three-weeks RSI is set at 72.42 for VinFast Auto Ltd. [VFS]. The present Moving Average for the last 50 days of trading for this stock 3.91, while it was recorded at 4.79 for the last single week of trading, and 9.26 for the last 200 days.

Insight into VinFast Auto Ltd. Fundamentals:

VinFast Auto Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.16 and a Current Ratio set at 0.47.

VinFast Auto Ltd. [VFS] Institutonal Ownership Details

The top three institutional holders of VFS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in VFS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in VFS stock with ownership which is approximately 5.8386%.