Home Equities Score Why Ashford Hospitality Trust, Inc (AHT) stock price fluctuated on Tuesday?

Why Ashford Hospitality Trust, Inc (AHT) stock price fluctuated on Tuesday?

Ashford Hospitality Trust, Inc (AHT) stock sink 10.42% on Tuesday, May 4, 2021, but it did some recovery in the after-markets and gain 5.65% to close the day at $3.18 per share.

AHT shares have plunged 57.60% over the last 12 months, and they have moved up by 59.26% in the past week. Over the past three months, the stock has gained 11.48%, while over the past six months, it has surged 133.33%.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Let’s discuss its recent news

Q1 2021 Financial results announcement

Ashford Trust has reported its financial results for the first quarter after the market closes on Tuesday, May 4, 2021, and will host a conference call on Wednesday, May 5, 2021, at 12:00 p.m. ET.

Read More

Q1 2021 financial highlights

  • Total revenue for the first quarter of 2021 was $115.83 million compared to $281.9 million for Q1 2020.
  • Net loss attributable to common stockholders was $91.6 million or $1.10 per diluted share for the first quarter of 2021 compared to $94.8 million or $9.40 per diluted share in Q1 2020.
  • Q1 2021 operating expenses were $185.8 million compared to $335.00 million in Q1 2020.
  • Adjusted EBITDA was $5.2 million in Q1 2021 compared to $47.4 million in Q1 2020.
  • The company had cash and cash equivalents of $225.4 million and restricted cash of $67.7 million at the end of the first quarter.

Q4 and FY 2020 financial results announcement

On February 24, 2021, Ashford Hospitality Trust released financial results for the fourth quarter and the full year ended December 31, 2020.

Q4 2020 highlights

  • Net loss attributable to common stockholders was $70.5 million or $2.29 per diluted share for the quarter.
  • Q4 2020 revenue was $508,238 thousand compared to $1.5 million in Q4 2019.
  • Adjusted EBITDA was $23.1 million for the fourth quarter of 2020.

FY2020 financial highlights

  • FY 2020 revenue was $90.3 million compared to $354.7 million in FY2019.
  • For the full year of 2020, the net loss attributable to common stockholders was $520.5 million or $33.00 per diluted share.
  • The adjusted EBITDA for the full year of 2020 was $54.9 million.
  • Ashford Hospitality trust had cash and cash equivalents of $92.9 million and restricted cash of $74.4 million on December 31, 2020.

Closing corporate financing

On January 15, 2021, Ashford Hospitality Trust, Inc. closed the previously announced strategic financing from funds managed by Oaktree Capital Management, L.P. The Company took $200 million on the financing at closing and has the option to draw down an additional $250 million.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

Well, the hospitality industry got the hardest hit due to the Covid-19 pandemic and AHT financial results are improved but financial numbers are still very low and not promising. In my opinion, the recent financial results are the reason behind its surge in the after-hours but it can go the other way around on Wednesday.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Amarin Corporation plc (NASDAQ: AMRN) stock plunged in the premarket trading session; here’s why

In the premarket trading session, Amarin Corporation plc (AMRN) stock had plunged by -4.56% to $4.4. AMRN stock closed previous session at $4.61 gaining...

Why Second Sight Medical Products, Inc. (EYES) stock is Popping High today?

Second Sight Medical Products, Inc. (EYES) stock announced two-year results of its Orion Study after which the EYES stock price happened to be green...

Luokung Technology Corp. (LKCO) Stock Undergoes Volatility as Appeal Over CCMC Designation is Underway

Luokung Technology Corp. (LKCO) stock prices were down by 6.40% as of the market closing on May 11th, 2021, bringing the price per share...

Vista Gold Corp. (VGZ) Stock Inches Higher After Promising Q1 2021 Financial Reports

Vista Gold Corp. (VGZ) stock prices were up by an incremental 1.82% as of the market closing on May 11th, 2021, bringing the price...

Array Technologies, Inc. (ARRY) Stock Prices Stay Stable Despite Troubling Q1 2021 Financial Reports

Array Technologies, Inc. (ARRY) stock prices were up by a marginal 0.28% as of the market closing on May 11th, 2021, bringing the price...

Lucira Health Inc. (NASDAQ:LHDX) stock rallied today in the current trading session; here’s why

In the current trading session at last check, Lucira Health Inc. (LHDX) shares had surged by 15.32% to the price of $5.87. LHDX's stock...

PaySign, Inc. (PAYS) Stock Down Following Disclosure of Troubling Q1 2021 Financial Reports

PaySign, Inc. (PAYS) stock prices were down 15.0568% early in the trading day on May 12th, 2021, bringing the price per share down to...

Comstock Mining Inc. (NASDAQ:LODE) stock plunged in the current trading session; here’s why

In the current trading session at the last check, Comstock Mining Inc. (LODE) stock had plunged -3.25% to trade at $3.21. LODE stock previously...

Related News

China Automotive Inc. (NASDAQ: CAAS) stock gains during current market. What is happening?

China Automotive Inc. (NASDAQ: CAAS) stock soars by 9.83% during current market trading after CAAS released its first-quarter 2021 financial results. China Automotive Systems...

Urban Tea Inc. (NASDAQ: MYT) stock fell during pre-market trading session. Here’s to know what has happened?

Urban Tea Inc. (NASDAQ: MYT) stock declined by 1.51% at last close whereas the MYT stock price gains by 5.1% in the pre-market trading...

Checkpoint Therapeutics, Inc. (CKPT) Stock Undergoes Volatility after Release of Q1 2021 Financial Reports

Checkpoint Therapeutics, Inc. (CKPT) stock prices were up 4.17% as of the market closing on May 11th, 2021, bringing the price per share up...

Obalon Therapeutics Inc. soared in the recent premarket trading session here’s why

In the premarket trading session, at last check, Obalon Therapeutics Inc. (OBLN) stock had surged by 6.48% to $3.12. OBLN stock previously closed session...

Aslan Pharmaceuticals Inc. (NASDAQ: ASLN) stock declines during pre-market. Here’s what’s happening?

Aslan Pharmaceuticals Inc. (NASDAQ: ASLN) stock plunged by 1.77% at last close while the ASLN stock price keeps falling by 6.12% in the pre-market...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.