Company’s 36-month beta value is 2.95.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MESA is 32.04M, and currently, short sellers hold a 6.38% ratio of that floaft. The average trading volume of MESA on April 19, 2024 was 1.51M shares.
MESA) stock’s latest price update
The stock of Mesa Air Group Inc. (NASDAQ: MESA) has increased by 6.50 when compared to last closing price of 0.81.Despite this, the company has seen a gain of 3.63% in its stock price over the last five trading days. Seeking Alpha reported 2024-01-25 that Dave Portnoy’s tweets about being long on Spirit Airlines may spark a short squeeze. The fundamentals of SAVE, including its high debt load, make it a risky investment at $7 or $8 per share. Mesa Airlines offers a better risk/return profile for those looking to play an airline turnaround.
MESA’s Market Performance
Mesa Air Group Inc. (MESA) has seen a 3.63% rise in stock performance for the week, with a 9.55% gain in the past month and a 34.35% surge in the past quarter. The volatility ratio for the week is 6.27%, and the volatility levels for the past 30 days are at 6.29% for MESA. The simple moving average for the past 20 days is 2.73% for MESA’s stock, with a -23.57% simple moving average for the past 200 days.
Analysts’ Opinion of MESA
BofA Securities, on the other hand, stated in their research note that they expect to see MESA reach a price target of $8, previously predicting the price at $12. The rating they have provided for MESA stocks is “Neutral” according to the report published on January 07th, 2022.
Deutsche Bank gave a rating of “Hold” to MESA, setting the target price at $7 in the report published on December 10th of the previous year.
MESA Trading at -1.80% from the 50-Day Moving Average
After a stumble in the market that brought MESA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.03% of loss for the given period.
Volatility was left at 6.29%, however, over the last 30 days, the volatility rate increased by 6.27%, as shares surge +3.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.84% lower at present.
During the last 5 trading sessions, MESA rose by +3.63%, which changed the moving average for the period of 200-days by -67.79% in comparison to the 20-day moving average, which settled at $0.8385. In addition, Mesa Air Group Inc. saw -14.85% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MESA
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.03 for the gross margin
The net margin for Mesa Air Group Inc. stands at -0.24. The total capital return value is set at -0.1. Equity return is now at value -47.27, with -10.47 for asset returns.
Based on Mesa Air Group Inc. (MESA), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 2.7. The interest coverage ratio of the stock is -1.28.
Currently, EBITDA for the company is 23.19 million with net debt to EBITDA at 70.58. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 60.35for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.
Conclusion
In a nutshell, Mesa Air Group Inc. (MESA) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
