Will VinFast gain momentum? – Spaxton School

Article Coverage: VFS Stock Performance, Latest VFS News, Aggregated Forecasts, VFS Latest Production Update, Reasons to Buy or Sell VFS Stock, VFS Investor Day Analysis, FAQs and Other detailed analysis.

Vinfast Stock Forecast 2023: Latest Price

VinFast is a Vietnamese electric vehicle (EV) maker that is majority-owned by Vingroup, one of the largest conglomerates in Vietnam. The company was founded in 2017 and has quickly become a major player in the Vietnamese EV market. VinFast Auto Ltd. (VFS) started trading on the Nasdaq stock exchange on August 15, 2023.

VinFast Stock Performance so far

• Last 5 Days: +1.9%
• Last 1 Month: +16.8%
• Since Launch: -37.7%

VinFast Stock News

VinFast Auto Ltd is planning to introduce its battery-run cars in the Indian market, taking advantage of potential tax reductions on imported Electric Vehicle by the government. Initially, the company will import electric Sports Utility Vehicles (e-SUVs) as Completely Built Units (CBU). Subsequently, they plan to import Completely Knocked Down (CKD) kits and assemble models in India. The company aims to align with the government’s medium-term plans to reduce import duties on electric cars, with the goal of establishing a manufacturing facility in India by 2025 for higher local production.

VinFast Target Price for Next 12 Months: Analysts

VinFast Third Quarter 2023 Earnings

• Vehicle sales amounted to US$319.5 million, showing a significant increase of 185.2% from Q3 2022 and a 2.8% increase from Q2 2023.
• Total revenues reached US$342.7 million, marking a 159.3% rise from Q3 2022 and a 3.8% increase from Q2 2023. These revenues primarily came from electric vehicle (EV) sales.
• The gross loss was US$102.4 million, representing a 28.4% reduction from Q3 2022 and a 9.1% decrease from Q2 2023.
• The gross margin improved to a negative (29.9%), compared to a negative (108.2%) in Q3 2022 and a negative (34.1%) in Q2 2023.
• The loss from operations was US$370.4 million, which was 9.2% lower than in Q3 2022 and 3.3% lower than in Q2 2023.
• The net loss amounted to US$622.9 million, showing a 33.7% increase from Q3 2022 and a 19.7% increase from Q2 2023.
• The company held cash and cash equivalents of US$131.0 million as of September 30, 2023

Vinfast (VFS) Stock Forecast 2023-2030

• Vinfast Stock Price Prediction 2023 is $5.08
• Vinfast Stock Price Prediction 2024 is $6.64
• Vinfast Stock Price Prediction 2025 is $8.00
• Vinfast Stock Price Prediction 2026 is $9.82
• Vinfast Stock Price Prediction 2027 is $11.0
• Vinfast Stock Price Prediction 2028 is $11.7
• Vinfast Stock Price Prediction 2029 is $13.0
• Vinfast Stock Price Prediction 2030 is $13.6

Vinfast (VFS) Stock Forecast Today, Tomorrow and Week

UTC: Feb 23rd, 2024 12:01 PM

• Vinfast Stock Price Prediction in the next 24 hours is between $4.94 and $5.28
• Vinfast Stock Price Prediction this week is between $4.94 and $5.29

VinFast, on the other hand, has a lot going for it. The business is in a good position to profit from the rising demand for electric automobiles around the world. Vingroup, the parent company of VinFast and one of the biggest corporations in Vietnam is another prominent supporter of the company.

However, because VinFast is a young business, its stock is still unstable. In addition, the startup is up against renowned EV producers like Volkswagen and Tesla.

VinFast is an organization with a lot of promise overall, but it is still too early to predict whether or not it will experience growth in the stock market. Before purchasing VinFast stock, investors should thoroughly weigh the risks and rewards.

VinFast Stock Price Prediction: How High Will VinFast Go in 2023?

It is difficult to predict how high VinFast’s stock price will go in 2023. The company is relatively new and its stock is still volatile. However, there are a number of factors that could contribute to a strong performance in 2023, including:

• Strong execution of its growth plans: VinFast is ramping up production of its electric vehicles and expanding into new markets. The company is also targeting to improve its profitability.
• Positive investor sentiment towards VinFast: Investors are increasingly interested in electric vehicles and VinFast is well-positioned to benefit from this trend.
• Favorable market conditions: The overall stock market conditions are likely to be supportive of VinFast’s stock in 2023.

Some analysts have predicted that VinFast’s stock price could reach $50 per share in 2023. However, it is important to note that this is just a prediction and there is no guarantee that it will come to pass.

Is VinFast a good stock to buy?

Here are some reasons why investors might want to buy VinFast stock:

• Strong growth potential: VinFast is a relatively new company, but it is growing rapidly. The company is targeting to produce 500,000 EVs per year by 2026. VinFast is also expanding into new markets, including the United States and Europe.
• Well-positioned to benefit from the EV trend: The demand for electric vehicles is growing rapidly globally. VinFast is well-positioned to benefit from this trend, as it is a leading EV maker in Vietnam and is expanding into other markets.
• Strong backing from its parent company: VinFast is majority-owned by Vingroup, one of the largest conglomerates in Vietnam. Vingroup has a strong track record of success and is providing VinFast with the financial resources it needs to grow.
• Low float: VinFast has a low float, meaning that there are relatively few shares of the company’s stock available for trading. This can make the stock more volatile, but it also means that a small increase in demand can lead to a significant increase in the stock price.

VinFast Prediction 2023: Reasons Not to Buy VinFast Stock

Here are some reasons why investors might not want to buy VinFast stock:

• Steep valuation: VinFast is valued at around $72 billion, which is relatively high for a company that is still in the early stages of growth and is not yet profitable.
• Abysmal reviews: VinFast’s flagship EV, the VF8, has received negative reviews from auto critics. Reviewers have cited major flaws including a bumpy suspension, flimsy interior parts, and a clunky infotainment system.
• Highly competitive landscape: VinFast is facing competition from other established EV makers, such as Tesla and Volkswagen. These companies have a head start in terms of production capacity and brand recognition.
• Lack of transparency: VinFast is a Vietnamese company and is not subject to the same disclosure requirements as US-listed companies. This can make it difficult for investors to assess the company’s true financial condition and prospects.

Overall, VinFast is a company with a lot of potential. However, investors should be aware of the risks involved before investing in VinFast stock.

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