Is Ashford Hospitality (AHT) Stock Ready To Hit $5 in May?

Investors who are almost always known to be on the lookout for penny stocks could consider having a look at the Ashford Hospitality (NYSE:AHT) stock.

Over the course of the past week, the stock has managed to clock gains of as much as 78% and it continued up until Monday as the Ashford stock soared by another 23%.

There has been no news about the company in the recent days but it seems the continued rally in the stock might be related to the upcoming announcement of Ashford’s first-quarter financial results in a week.

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In this regard, it is important to note that the Ashford Hospitality stock had suffered considerably due to the effects of the coronavirus pandemic.

The pandemic had been highly damaging to the hospitality industry and that had damaged the company to a significant degree. It now seems that investors anticipate a turnaround in fortunes in the first quarter. Investors could consider keeping an eye on the stock over the coming days.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.