Ashford (ATH) closed in the Tuesday trading session at $4.85, up 11% in comparison to the previous session ($4.05). The surge was associated with the company’s advisor posted an investor presentation that provided strategic updates for upcoming years. On Wednesday AHT could even pop 14.72% on 93.9 million shares.
During the pandemic, Ashford Hospitality Trust suffered a lot of losses, with hotels and the hospitality industry being one of the most impacted, with extremely low occupancy rates. Nevertheless, with vaccinations on the market and coronavirus infections on the decline, the industry is poised to rebound.
The company’s quarterly figures are slightly rising, giving investors a field for reflection, at the beginning of 2021, the price per share was $ 2.62, now the price has gradually doubled to reach $ 5.24. Investors should focus on the business’s annual revenues, which are expected to rise from $29 million to $54 million in five years, indicating that it is worth investing in for the long term.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.