Mesa Air Group Inc (NASDAQ:MESA) price on Friday, May 02, fall -1.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.07.
A look at the stock’s price movement, the close in the last trading session was $1.08, moving within a range at $1.05 and $1.11. 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 33.13% over the past month.
Mesa Air Group Inc’s market cap currently stands at around $44.02 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 100% Sell category.
MESA’s current price about -1.30% and 5.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.91, while 7-day volatility ratio is 4.66% and 8.98% in the 30-day chart. Further, Mesa Air Group Inc (MESA) has a beta value of 3.13, and an average true range (ATR) of 0.07.
If we refocus on Mesa Air Group Inc (NASDAQ:MESA), historical trading data shows that trading volumes averaged 0.21 over the past 10 days and 1.15 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 10.69% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.33 million on 2025-04-15, giving us a short ratio of 0.46. The data shows that as of 2025-04-15 short interest in Mesa Air Group Inc (MESA) stood at 336.0 of shares outstanding, with shares short rising to 0.17 million registered in 2025-03-14. Current price change has pushed the stock -8.19% 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.
