The 36-month beta value for AINC is also noteworthy at 1.64. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for AINC is 1.92M, and at present, short sellers hold a 0.14% of that float. The average trading volume of AINC on April 02, 2024 was 9.02K shares.
AINC) stock’s latest price update
The stock price of Ashford Inc (AMEX: AINC) has jumped by 110.45 compared to previous close of 2.22. Despite this, the company has seen a gain of 107.64% in its stock price over the last five trading days. PRNewsWire reported 2024-03-26 that DALLAS, March 26, 2024 /PRNewswire/ — Ashford Inc. (NYSE American: AINC) (“Ashford” or the “Company”) today announced details for the release of its results for the first quarter ended March 31, 2024. Ashford plans to issue its earnings release for the first quarter after the market closes on Wednesday, May 8, 2024, and will host a conference call on Thursday, May 9, 2024, at 12:00 p.m.
AINC’s Market Performance
AINC’s stock has risen by 107.64% in the past week, with a monthly rise of 47.38% and a quarterly rise of 27.30%. The volatility ratio for the week is 5.75% while the volatility levels for the last 30 days are 13.15% for Ashford Inc The simple moving average for the last 20 days is 103.09% for AINC’s stock, with a simple moving average of -23.43% for the last 200 days.
Analysts’ Opinion of AINC
Many brokerage firms have already submitted their reports for AINC stocks, with Oppenheimer repeating the rating for AINC by listing it as a “Outperform.” The predicted price for AINC in the upcoming period, according to Oppenheimer is $28 based on the research report published on June 14, 2022 of the previous year 2022.
B. Riley FBR, on the other hand, stated in their research note that they expect to see AINC reach a price target of $10, previously predicting the price at $42. The rating they have provided for AINC stocks is “Neutral” according to the report published on April 06th, 2020.
Janney gave a rating of “Buy” to AINC, setting the target price at $87 in the report published on December 04th of the previous year.
AINC Trading at 82.89% from the 50-Day Moving Average
After a stumble in the market that brought AINC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.21% of loss for the given period.
Volatility was left at 13.15%, however, over the last 30 days, the volatility rate increased by 5.75%, as shares surge +62.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.20% upper at present.
During the last 5 trading sessions, AINC rose by +96.89%, which changed the moving average for the period of 200-days by -54.56% in comparison to the 20-day moving average, which settled at $2.39. In addition, Ashford Inc saw 26.95% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AINC
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.43 for the gross margin
The net margin for Ashford Inc stands at -0.01. The total capital return value is set at 0.07. Equity return is now at value -2.48, with -0.94 for asset returns.
Based on Ashford Inc (AINC), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 1.78.
Currently, EBITDA for the company is 43.98 million with net debt to EBITDA at 1.53. When we switch over and look at the enterprise to sales, we see a ratio of 0.14. The receivables turnover for the company is 16.42for trailing twelve months and the total asset turnover is 1.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In summary, Ashford Inc (AINC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
