VinFast Auto Ltd. (NASDAQ:VFS) shares, rose in value, with the stock price up by 7.60% to the previous day’s close as strong demand from buyers drove the stock to $2.69.
Actively observing the price movement in the last trading, the stock closed the session at $2.50. Referring to stock’s 52-week performance, its high was $93.00, and the low was $2.26. On the whole, VFS has fluctuated by -42.77% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.56B, with a low estimate of 344.7M and a high estimate of 583.75M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 440.09M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VFS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VFS currently trading nearly -27.12% and -41.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 24.82, while the 7-day volatility ratio is showing 9.89% which for the 30-day chart, stands at 8.50%. Furthermore, VinFast Auto Ltd. (VFS)’s beta value is 0.84, and its average true range (ATR) is 0.28.
A comparison of VinFast Auto Ltd. (VFS) with its peers suggests the former has fared considerably weaker in the market. VFS showed an intraday change of 7.60% in last session, and over the past year, it shrunk by -73.76%%.
Data on historical trading for VinFast Auto Ltd. (NASDAQ:VFS) indicates that the trading volumes over the past 3 months, they’ve averaged 2.03 million. According to company’s latest data on outstanding shares, there are 2.31 billion shares outstanding.
Nearly 97.90% of VinFast Auto Ltd.’s shares belong to company insiders and institutional investors own 0.21% of the company’s shares. The stock has fallen by -67.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VFS stock heading into the next quarter.
