Ashford Inc [AINC] stock prices are up 113.96% to $4.75 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AINC shares have gain 111.11% over the last week, with a monthly amount glided 49.84%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 1, April 2024, ASHFORD INC.’S BOARD OF DIRECTORS APPROVES PLAN TO TERMINATE REGISTRATION OF ITS COMMON STOCK. In a post published today on Yahoo Finance, Ashford Inc. (NYSE American: AINC) (“Ashford” or the “Company”) today announced that a Special Committee of independent and disinterested directors has recommended, and its Board of Directors has approved, a plan to terminate the registration of the Company’s common stock under the federal securities laws following the completion of a proposed reverse stock split transaction (the “Reverse Stock Split”) immediately followed by a forward stock split transaction and to delist its shares of common stock from trading on the NYSE American LLC (the “NYSE American”) (the “Proposed Transaction”). It is expected that this plan would be initiated in the summer of 2024, subject to Ashford’s stockholders approving the Proposed Transaction at a Special Meeting of Stockholders to be held for that purpose, as described below.
From an analyst’s perspective:
Ashford Inc [AMEX: AINC] stock has seen the most recent analyst activity on June 14, 2022, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $28. Previously, B. Riley FBR downgraded its rating to Neutral on April 06, 2020, and dropped its price target to $10. On December 04, 2018, Janney initiated with a Buy rating and assigned a price target of $87 on the stock. B. Riley FBR upgraded its rating to a Buy and decreased its price target to $91 on October 11, 2018. B. Riley FBR Inc. downgraded its rating to a Neutral and raised its price target to $81 on November 07, 2017. FBR & Co. reiterated a Outperform rating for this stock on August 08, 2017, and upped its price target to $67. In a note dated June 22, 2017, FBR & Co. initiated an Outperform rating and provided a target price of $63 on this stock.
The stock price of Ashford Inc [AINC] has been fluctuating between $1.91 and $12.70 over the past year. Ashford Inc [AMEX: AINC] shares were valued at $4.75 at the most recent close of the market.
Analyzing the AINC fundamentals
The Ashford Inc [AMEX:AINC] reported sales of 765.86M for trailing twelve months, representing a surge of 15.92%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.08 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.24 points at the first support level, and at 3.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.06, and for the 2nd resistance point, it is at 5.38.
Ashford Inc [AINC] reported earnings per share of $0.96 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.61/share, meaning a difference of -$0.65 and a surprise factor of -40.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $1.57 per share as compared to estimates of $1.73 per share, a difference of -$0.16 representing a surprise of -9.20%.
Ratios To Look Out For
It’s worth pointing out that Ashford Inc [AMEX:AINC]’s Current Ratio is 1.04. On the other hand, the Quick Ratio is 1.02, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 0.02.
