Mesa Air Group Inc (NASDAQ:MESA) price on current trading day, rose 7.14% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.12.
A look at the stock’s price movement, the close in the last trading session was $1.05, moving within a range at $1.005 and $1.1743. The beta value (5-Year monthly) was 3.111. Turning to its 52-week performance, $1.89 and $0.68 were the 52-week high and 52-week low respectively. Overall, MESA moved 20.96% over the past month.
Mesa Air Group Inc’s market cap currently stands at around $46.48 million, with investors looking forward to this quarter’s earnings report slated for on 2023-Aug-08.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MESA is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
0 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend MESA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is nan which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MESA’s current price about 24.47% and 7.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.87, while 7-day volatility ratio is 18.91% and 9.49% in the 30-day chart. Further, Mesa Air Group Inc (MESA) has a beta value of 2.48, and an average true range (ATR) of 0.11.
If we refocus on Mesa Air Group Inc (NASDAQ:MESA), historical trading data shows that trading volumes averaged 6.14 over the past 10 days and 1.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 41.31 million shares.
The 21.78% of Mesa Air Group Inc’s shares are in the hands of company insiders while institutional holders own 10.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.17 million on 2025-03-14, giving us a short ratio of 0.98. The data shows that as of 2025-03-14 short interest in Mesa Air Group Inc (MESA) stood at 44.0 of shares outstanding, with shares short falling to 0.32 million registered in 2025-02-14. Current price change has pushed the stock -3.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MESA stock continues to rise going into the next quarter.
