VinFast Auto Ltd., a Vietnam-based global automotive company, was established in 2017 by Vingroup, one of the largest private conglomerates in Vietnam. The company, headquartered in Hai Phong City, Vietnam, and with operations in the United States, is involved in the design, development, manufacturing and sale of cars, electric buses and e-scooters, as well as the provision of spare parts and aftermarket services.
April 16, 2024: VinFast Auto stock fell Wednesday after the Vietnamese electric-vehicle start-up reported weaker-than-expected first-quarter results. VinFast announced a per-share loss of about 26 cents from sales of about $303 million. Wall Street was looking for a loss of 22 cents from sales of $429 million, according to Barron's.
Chairman Madam Thuy Le said that despite temporary challenges and market fluctuations in certain regions, VinFast's (VFS) confidence in the electric vehicle industry's medium- and long-term prospects remains strong.
"Supportive government policies, the anticipated transition of the EV market from early to mass adoption, and the projected growth in Ex-China markets fuel our confidence. During the first quarter, we strategically expanded our global business, successfully entering new markets and achieving yearly growth in vehicle deliveries."
Looking ahead, VinFast Auto (VFS) says it is in a favorable position to achieve its full-year delivery target of 100,000 vehicles due to the exponential growth of point-of-sale channels and the introduction of new models designed to cater to a broader customer base across multiple new markets in the latter half of this year, according to Seeking Alpha.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, VinFast's shares have ranged in value from as little as $2.255 up to $93. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while VinFast's is 0.064. This would suggest that VinFast's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $2.69
| 1 week (2024-04-18) | 6.75% |
|---|---|
| 1 month (2024-03-26) | -43.13% |
| 3 months (2024-01-25) | -54.71% |
| 6 months (2023-10-26) | -49.44% |
| 1 year (2023-04-20) | N/A |
| 3 years (2021-04-20) | N/A |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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