Ashford Mourns the Loss of Influential Board Member
TipRanks (Thu, 25-Jul 5:03 PM ET)
ASHFORD INC. ANNOUNCES RESULTS OF SPECIAL MEETING OF STOCKHOLDERS
PRNewswire (Mon, 22-Jul 4:15 PM ET)
Ashford Inc is a provider of asset management and advisory services to other entities, within the hospitality industry. The company's operating segments include Advisory, Remington, Premier, INSPIRE, RED and OpenKey, and Corporate and Other. It generates maximum revenue from the Remington segment. INSPIRE segment provides event technology and creative communications solutions services. The Advisory segment provides asset management and advisory services to other entities. Its Remington segment provides hotel management services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Mexico and All other countries.
Ashford (Holding Company) trades on the AMEX stock market under the symbol AINC.
As of July 26, 2024, AINC stock price climbed to $4.97 with 188,810 million shares trading.
AINC has a beta of -0.04, meaning it tends to be less sensitive to market movements. AINC has a correlation of 0.00 to the broad based SPY ETF.
AINC has a market cap of $17.11 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, AINC stock traded as high as $25.99 and as low as $1.91.
The top ETF exchange traded funds that AINC belongs to (by Net Assets): VXF.
AINC has underperformed the market in the last year with a return of -46.6%, while the SPY ETF gained +21.0%. In the last 3 month period, AINC fell short of the market, returning +2.3%, while SPY returned +8.5%. However, in the most recent 2 weeks AINC has outperformed the stock market by returning +0.6%, while SPY returned -2.2%.
AINC support price is $4.93 and resistance is $4.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AINC stock will trade within this expected range on the day.