Mesa Air Group Inc. [MESA] is 111.66% higher this YTD. Is it still time to buy?

Mesa Air Group Inc. [NASDAQ: MESA] price surged by 9.01 percent to reach at $1.17. The company report on March 2, 2021 that Mesa Air Group Eyes International Growth.

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Mesa Air Group, Inc. (NASDAQ: MESA) announced it has entered into a conditional agreement with Gramercy Associates Ltd. based in London, England to develop a European based joint venture. The joint venture will apply for a new Air Operator’s Certificate (AOC) in the European Union using CRJ-900 aircraft with the goal of introducing a Capacity Purchase Agreement or ACMI (Aircraft, Crew, Maintenance, and Insurance) in passenger or cargo services in Europe. Gramercy Associates is headed by Tony Davis, former CEO of Tiger Airways and bmibaby.

Under the agreement, Mesa will own 49% of the partnership once the Air Operator’s Certificate is obtained. The current plan is to begin operations by the end of 2021. “We are very excited at the potential to expand our regional business overseas. As Mesa continues to diversify, we are looking forward to working with Gramercy on this new European venture,” said Jonathan Ornstein, Chairman and Chief Executive Officer. “We are looking forward to teaming up with Mesa to help bring the CPA and ACMI models that have been so successful in the US to Europe,” said Tony Davis, Managing Director of Gramercy.

A sum of 1886875 shares traded at recent session while its average daily volume was at 1.15M shares. Mesa Air Group Inc. shares reached a high of $14.47 and dropped to a low of $12.63 until finishing in the latest session at $14.16.

The one-year MESA stock forecast points to a potential downside of -37.48. The average equity rating for MESA stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Mesa Air Group Inc. [MESA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MESA shares is $10.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MESA stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Mesa Air Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 17, 2021. The new note on the price target was released on February 10, 2021, representing the official price target for Mesa Air Group Inc. stock. Previously, the target price had yet another raise from $4 to $8, while Cowen kept a Market Perform rating on MESA stock.

The Average True Range (ATR) for Mesa Air Group Inc. is set at 0.97, with the Price to Sales ratio for MESA stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 4.99. Price to Free Cash Flow for MESA in the course of the last twelve months was 2.61 with Quick ratio for the last quarter at 0.70.

MESA Stock Performance Analysis:

Mesa Air Group Inc. [MESA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.46. With this latest performance, MESA shares gained by 116.85% in over the last four-week period, additionally plugging by 270.68% over the last 6 months – not to mention a rise of 137.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MESA stock in for the last two-week period is set at 79.75, with the RSI for the last a single of trading hit 79.81, and the three-weeks RSI is set at 78.81 for Mesa Air Group Inc. [MESA]. The present Moving Average for the last 50 days of trading for this stock 8.10, while it was recorded at 13.04 for the last single week of trading, and 4.95 for the last 200 days.

Insight into Mesa Air Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Mesa Air Group Inc. [MESA] shares currently have an operating margin of -0.67 and a Gross Margin at +8.91. Mesa Air Group Inc.’s Net Margin is presently recorded at +5.04.

Return on Total Capital for MESA is now -0.29, given the latest momentum, and Return on Invested Capital for the company is 2.54. Return on Equity for this stock inclined to 6.22, with Return on Assets sitting at 1.71. When it comes to the capital structure of this company, Mesa Air Group Inc. [MESA] has a Total Debt to Total Equity ratio set at 183.07. Additionally, MESA Total Debt to Total Capital is recorded at 64.67, with Total Debt to Total Assets ending up at 51.01. Long-Term Debt to Equity for the company is recorded at 132.13, with the Long-Term Debt to Total Capital now at 46.68.

Reflecting on the efficiency of the workforce at the company, Mesa Air Group Inc. [MESA] managed to generate an average of $8,583 per employee. Receivables Turnover for the company is 29.63 with a Total Asset Turnover recorded at a value of 0.34.Mesa Air Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

MESA Stock EPS

With the latest financial reports released by the company, Mesa Air Group Inc. posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 600.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MESA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mesa Air Group Inc. go to -6.10%.

Mesa Air Group Inc. [MESA] Insider Position Details

There are presently around $298 million, or 69.80% of MESA stock, in the hands of institutional investors. The top three institutional holders of MESA stocks are: CORRE PARTNERS MANAGEMENT, LLC with ownership of 2,617,794, which is approximately New of the company’s market cap and around 3.60% of the total institutional ownership; UBS GROUP AG, holding 2,353,461 shares of the stock with an approximate value of $33.33 million in MESA stocks shares; and MSD PARTNERS, L.P., currently with $31.94 million in MESA stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Mesa Air Group Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 42 institutional holders increased their position in Mesa Air Group Inc. [NASDAQ:MESA] by around 4,448,274 shares. Additionally, 43 investors decreased positions by around 3,994,936 shares, while 15 investors held positions by with 14,515,602 shares. The mentioned changes placed institutional holdings at 22,958,812 shares, according to the latest SEC report filing. MESA stock had 19 new institutional investments in for a total of 3,047,615 shares, while 12 institutional investors sold positions of 1,748,818 shares during the same period.

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