Small Cap Gainers: JYNT, AHT, DPW
4:17 pm Tuesday, May 25th, 2021
Joint Corp (NASDAQ: JYNT): jumped 19% to $68.70 and made a new 52-week high of $70.61 after it announced the company has been selected by the S&P Dow Jones Indices to join the S&P SmallCap 600® effective prior to the opening of trading on Thursday, May 27, 2021.
Ashford Hospitality Trust, Inc. (NYSE: AHT): stock gained 15.80% to $3.59. Recently, Ashford Inc. released a new investor presentation that describes four ways it can grow: with a recovery of the hospitality industry, an increase in assets under management, growth in third-party businesses, and the acquisition or incubation of new businesses.
Ashford Inc. is also projecting to grow earnings before interest, taxes, depreciation, and amortization (EBITDA) from $29 million in 2020 to $54 million by 2025, with the potential to reach $84 million, depending on how growth goes.
Ault Global Holdings Inc (NYSEAMERICAN: DPW): surged 8.94 to $2.56. Ault Global managed to generate revenues of $13.2 million in the quarter, which works to a year-on-year rise of 136%. Ault generated revenues of $5.2 million from its lending and trading operations alone and that was made possible due to the capital it allocated to its fully owned subsidiary company Digital Power Lending LLD.
The company also restarted its cryptocurrency mining operations during the month of March and by the end of the quarter on March 31, 2021, Ault Global ended up generating revenues of $130000. Last but certainly not least, the company reported a net income of $2 million, and the marks the first quarter in which Ault Global managed to turn a profit under the guidance of its current management.
