VinFast Auto ( (VFS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
VinFast Auto’s stock has been affected by ongoing financial challenges despite the company’s growth in electric vehicle deliveries and international sales. The company reported a significant net loss and negative gross margins, mainly due to high operational costs and promotional activities. Analysts have downgraded the stock, citing concerns about profitability and the impact of declining global EV prices, which are delaying VinFast’s path to profitability. The company’s shift from a direct-to-consumer model to dealerships in the U.S. is an attempt to overcome market challenges.
More about VinFast Auto
YTD Price Performance: -20.95%
Average Trading Volume: 555,407
Technical Sentiment Signal: Buy
Current Market Cap: $7.76B
For further insights into VFS stock on TipRanks’ Stock Analysis page.
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