Connect with us

Hi, what are you looking for?

Economy

VFS Stock: VinFast Auto Ltd Technical Analysis

VFS Stock: VinFast Auto Ltd Stock Price Analysis

VinFast Auto Ltd. (NASDAQ: VFS), one of the fastest-growing electric vehicle (EV) companies, is attracting significant attention with its VFS stock. The company operates its automobile and electric scooter business in both Vietnam and the United States, covering segments such as Automobiles, E-Scooters, Spare Parts, and Aftermarket Services.

The Automobiles segment specialises in developing, designing, producing, and selling electric buses and cars. VFS stock price today is at $3.59 per share. That fact indicates that the stock has performed well against the market’s volatility in the last few months. Shareholders are paying close attention to the stock price moves of VinFast. This company has experienced significant stock price fluctuations lately, as well as its electric vehicle, because of their connectedness with future valuation possibilities.

The E-scooter segment is the business that includes designing, developing, manufacturing, and selling e-scooters. The division of the Spares and Aftermarket Services produces and sells spare parts and offers aftermarket services for automobiles and e-scooters. VinFast Auto Ltd. is one of the elites of Hai Phong, Vietnam. It is a subsidiary of Vingroup Joint Stock Company.

VFS Stock Price Analysis: 1-Year Target at $6.50 Amidst Volatility

VinFast Auto Ltd. (VFS) faces an uncertain financial situation, with trading dynamics playing a crucial role. The one-year price target is $6.50, with an expected range of $5.00 to $8.00. This broad target range highlights the significant volatility that has become a defining characteristic of VFS stock.

The affirmation of this conjecture implicates the fact that VFS may be having troubles, but it also has the chance for improvement. These financial metrics are not straightforward as they seemingly suggest the reality of the company’s financial situation. They reveal many messages about financing, both good and not-so-good, because of which potential investors are twofold.

On one hand, the company’s ability to generate substantial revenue indicates a promising future. On the other, the volatility and recent EPS performance highlight significant risks. VFS represents a high-risk, high-reward opportunity for investors, demanding a careful balance between optimism and caution.

VFS Stock Price Chart

VFS/USD 5-Day Chart

VinFast Q1 results

VinFast’s VFS stock has experienced a significant increase in vehicle deliveries in the first three months, with 9,689 vehicles delivered—a nearly tenfold jump from the 1,780 units sold during the same period last year. However, despite this impressive growth, the numbers still fall short of the 13,513 vehicles delivered by VinFast in Q4 of the previous year. This discrepancy suggests that fluctuations in deliveries may be attributed to seasonal factors or operational challenges.

On the other hand, the e-scooter division of the company has faced a decrease in production by 6,632 units in Q1 from 9,757 in Q1’23 and 24,309 in Q4’23, which indicates the market is in trouble.

Let’s get this straight – the scooter sector might cause unexpected performance. It’s noteworthy that VinFast earned around $302 million in the latest period, which is a big leap compared to last year’s results, but the firm is dealing with a huge net loss of over $618 million.

How to Short VFS Stock?

VinFast Auto (VFS) is the short interest with 4.45 million shares, equivalent to 35.83% of the float (the number of shares available for trading by the public). So, the short interest volume increased by 32.44% in the past month. The short interest ratio (days to cover) is 3.2, indicating that it would take 3.2 days of the average trading volume of 2.13 million shares to cover all short positions.

How to buy VFS stock:

Open a Brokerage Account: Choose a brokerage platform that allows trading on the Nasdaq exchange. Fund Your Account: Deposit funds into your brokerage account. Search for VFS Stock: Look up VinFast Auto Ltd. under the ticker symbol “VFS.” Place Your Order: Decide how many shares you want to buy and order through the platform.

Consider using one of these recommended brokers to get started.

VinFast Second-Quarter Estimates

The business gained significant recognition with its impressive Q2 supply data, distributing 12,058 cars—a 24% increase from the first quarter and a 26% year-on-year boost. This strong performance in the year’s first half, with 21,747 vehicles delivered, underscores the company’s solid progress.

Analysts expect these developments to lead to substantial sales gains, forecasting Q2 sales of $440 million and projecting $2.49 billion for the year. Additionally, revenue is anticipated to reach $4.83 billion by 2025.

VFS Stock Forecast

VinFast has been a hot topic among Wall Street analysts recently. The automaker received a 12-month price target with some intriguing points.

Two analysts provided an average target of $6.50, representing an 81.06% increase from the current price of $3.59. However, their predictions vary widely, ranging from $5.00 to $8.00.

This significant price difference reflects mixed sentiments and uncertainty about VinFast’s future. On the positive side, the optimistic projections highlight potential growth opportunities, which could boost the stock. On the downside, there are concerns about possible losses and higher costs if the company struggles.

Final Thoughts

In conclusion, VinFast’s stock presents a high-risk, high-reward scenario. While there is potential for substantial growth, the company’s significant volatility and uncertainty make it a cautious investment. Investors must weigh the optimistic projections against the inherent risks in this rapidly evolving market.

The post VFS Stock: VinFast Auto Ltd Technical Analysis appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    President Biden is asking Congress to approve nearly $100 billion in emergency funding to aid recovery efforts for the recent deadly storms that ravaged...

    Stock

    One hallmark of secular bull markets is rotation. When leading stocks, sectors, and industry groups falter, there needs to be others that grab the...

    Latest News

    Activists on Saturday demanded that the state of California pay millions of dollars to each Black resident in reparations as a way to make...

    Latest News

    Vice President Kamala Harris spent a whopping $1.5 billion during her 15-week campaign that ended in defeat to President-elect Donald Trump, including burning through...



    Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Frequencytraders.com