VinFast Stock Forecast 2023: How High Will Vinfast Go in 2023?
Vinfast Stock Forecast 2023: Latest Price
|Current Market Cap||$74.3 B||Higher|
|Trading Volume||$1.7 M||Lower|
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 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 Forecast 2023: Latest News
- VinFast said that more than half the electric vehicles sold by Vietnamese start-up VinFast this year have been to a related party. Of the 11,300 vehicles sold by VinFast in the first half of 2023, 7,100 were sold to Green and Smart Mobility (GSM), a Vietnamese taxi company controlled by the carmaker’s parent Vingroup.
- VinFast, the sole automotive manufacturer in Vietnam and the only electric vehicle producer in ASEAN, announced a significant investment of USD 4 billion in the U.S., which will create numerous high-tech jobs and support clean energy initiatives.
- VinFast, the global electric vehicle (EV) company, has made a significant move by debuting on the Nasdaq Global Select Market after successfully merging with Black Spade Acquisition Co.
VinFast Stock Performance in the Last 12 Months
- Since Launch: -54.5%
Vinfast (VFS) Stock Forecast 2023
- Vinfast Stock Price Prediction 2023 is $18.2
Vinfast (VFS) Stock Technicals
The technical indicators for VinFast stock on the 4-hour timeframe chart suggest that the stock is in a downtrend and is oversold. This means that the stock price is likely to continue to decline in the short term. Here are indications from the technical indicators for VinFast stock:
- Simple Moving Average (50-day and 200-day): The 50-day MA is above the VFS stock price and the 200-day MA is below the stock price. The short-term trends for the VinFast stock are negative.
- Relative Strength Index (14): The RSI reading is below 50, which suggests that the stock is oversold, but not neutral.
- Momentum (10): The momentum indicator is within the negative axis, which suggests that the stock price is falling.
- MACD Level (12, 26): The MACD is below the signal line, which suggests that the stock is in a downtrend. It is a sell signal.
- Williams Percent Range (14): This indicator is below -70, which suggests that the stock is oversold.
Based on the technical indicators, the stock is likely to continue to decline in the short term.
Vinfast (VFS) Stock Forecast Today
|1. Market's Wisdom||Neutral|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Partially Bullish|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||N/A|
Will VinFast gain it’s momentum?
The success of the firm, the state of the market as a whole, and investor mood are just a few of the variables that will determine whether VinFast can acquire traction in the stock market.
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 organisation with a lot of promise overall, but it is still too early to predict whether or not it will experience growth on 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 on 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.
VinFast Stock Forecast: Frequently Asked Questions (FAQ)
Should I buy VinFast stock now?
VinFast is a relatively new company with a lot of potential. The company is well-positioned to benefit from the growing demand for electric vehicles globally. If you are looking for a high-risk, high-reward investment, VinFast stock could be a good option for you.
Will VinFast stock go up?
It is impossible to say for certain whether or not VinFast stock will go up. The stock market is unpredictable and there are many factors that can affect the price of a stock, including the company’s performance, the overall market conditions, and investor sentiment.
How much will VinFast stock be worth in 10 years?
It is impossible to say for certain how much VinFast stock will be worth in 10 years. If VinFast is able to execute successfully on its growth plans, its stock price could be significantly higher in 10 years.
What is the best time to invest in VinFast stock?
The best time to invest in VinFast stock depends on your investment goals and risk tolerance. If you are a long-term investor who is willing to take on more risk, you may want to consider investing in VinFast stock now.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.