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VinFast Auto Ltd. (VFS): Significant Improvements, Worth Being Considered

VinFast Auto Ltd. (NASDAQ:VFS) concluded the trading at $16.85 on Thursday, September 14 with a fall of -2.09% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $17.21 with its price kept floating in the range of $16.5255 and $17.24 on the day. Company’s P/E ratio for the trailing 12 months is 92.08. Considering stock’s 52-week price range provides that VFS hit a high price of $93.00 and saw its price falling to a low level of $9.11 during that period. Over a period of past 1-month, stock came subtracting -54.53% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review VFS stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the VFS stock which is currently positioned at 0. It further provides that stock’s current price level is -47.79% away from its 20-day simple moving average and is -15.70% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 43.81 while volatility remained at 11.99% over the past week which changes to 37.00% when measuring it over the past month. Beta is valued at -0.36, while measure of average true range or ATR is currently at 8.11.

Having a second look at VinFast Auto Ltd. (NASDAQ:VFS) provides that stock’s average daily trading volume for 3 months was 2.85 million, while it jumped to 6.47 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 21.12 million.

Addition of 68.50% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.