VinFast Auto (VFS) Stock Sees 18.17% Drop on October 16

VinFast Auto (NASDAQ: VFS) Stock Sees 18.17% Drop on October 16

VinFast Auto (NASDAQ: VFS) is currently trading at $6.53 USD, which represents a notable decrease of 18.17% on the day. The stock experienced a substantial drop from its previous closing price of $7.98. The after-hours trading shows a slight recovery to $6.55, up 0.31%. This level of price volatility in a single day suggests significant market activity and investor sentiment regarding the company.

VinFast's stock opened the trading day at $7.26, with a daily high of $8.08 and a low of $6.30, indicating a wide price range within the trading session. The stock's year-to-date performance and one-year performance are crucial factors to consider for long-term investors. The 52-week price range for VinFast Auto stock is substantial, with a high of $93.00 and a low of $6.30, reflecting considerable price fluctuations over the past year.

The market capitalization for VinFast Auto stands at 15.18 billion USD, signifying the company's total market value as perceived by investors. The company's price-to-earnings (P/E) ratio is 35.63, which provides insights into the valuation of the stock concerning its earnings.

Finally, the stock's average daily trading volume of 4.64 million shares reflects the level of liquidity and investor interest in the company. Higher trading volumes generally indicate a more actively traded stock, potentially providing better opportunities for buying or selling shares.