Mesa Air Group Inc. (NASDAQ:MESA) shares traded -5.82% lower at $2.67 on Wall Street last session.
MESA stock price is now -6.80% away from the 50-day moving average and 21.76% away from the 200-day moving average. The market capitalization of the company currently stands at $119.24M.
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On January 07, 2022, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $12 to quote $8, while ‘Deutsche Bank’ rates the stock as ‘Hold’.
Insiders disposed of 125,966 shares of company stock worth roughly $0.34 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MESA stock. A new stake in Mesa Air Group Inc. shares was purchased by ALGERT GLOBAL LLC during the first quarter worth $97,000. JANE STREET GROUP, LLC invested $92,000 in shares of MESA during the first quarter. In the first quarter, ADVISORY SERVICES NETWORK, LLC acquired a new stake in Mesa Air Group Inc. valued at approximately $29,000. CITADEL ADVISORS LLC acquired a new stake in MESA for approximately $26,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in MESA valued at around $11,000 in the second quarter. In total, there are 86 active investors with 38.70% ownership of the company’s stock.
Mesa Air Group Inc. (NASDAQ: MESA) opened at $2.8400 on Tuesday. During the past 12 months, Mesa Air Group Inc. has had a low of $1.03 and a high of $4.62. As of last week, the company has a debt-to-equity ratio of 2.29, a current ratio of 0.50, and a quick ratio of 0.40. The fifty day moving average price for MESA is $2.8914 and a two-hundred day moving average price translates $2.1928 for the stock.
The latest earnings results from Mesa Air Group Inc. (NASDAQ: MESA) was released for Dec, 2022. According to the Airlines Company, earnings per share came in at -$0.2, beating analysts’ expectations of -$0.22 by 0.02. This compares to -$0.40 EPS in the same period last year. The net profit margin was -33.50% and return on equity was -48.50% for MESA. The company reported revenue of $147.17 million for the quarter, compared to $147.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.4 percent. For the current quarter, analysts expect MESA to generate $125.16M in revenue.
Mesa Air Group Inc.(MESA) Company Profile
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier scheduled passenger services under capacity purchase agreements with the American Airlines, Inc. and the United Airlines, Inc. The company offers scheduled flight and cargo services. It also engages in the leasing of aircrafts and engine types to third parties. As of September 30, 2022, it operated a fleet of 158 aircraft with approximately 306 daily departures to 107 cities in the United States and Mexico. Mesa Air Group, Inc. was founded in 1982 and is headquartered in Phoenix, Arizona.
