Mesa Air Group Inc [NASDAQ: MESA] gained 3.05% on the last trading session, reaching $1.35 price per share at the time.
If compared to the average trading volume of 286.33K shares, MESA reached a trading volume of 276907 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $2.00 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 3.00. 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.
Raymond James have made an estimate for Mesa Air Group Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on February 04, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price from $12 to $8. The new note on the price target was released on January 07, 2022, representing the official price target for Mesa Air Group Inc stock. Previously, the target price had yet another drop from $15 to $7, while Deutsche Bank kept a Hold rating on MESA stock.
The Average True Range (ATR) for Mesa Air Group Inc is set at 0.10, with the Price to Sales ratio for MESA stock in the period of the last 12 months amounting to 0.12. The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 0.60.
Trading performance analysis for MESA stock
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 16.38. With this latest performance, MESA shares gained by 28.57% in over the last four-week period, additionally sinking by -16.67% over the last 6 months – not to mention a rise of 35.00% 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 65.66, with the RSI for the last a single of trading hit 67.87, and the three-weeks RSI is set at 63.42 for Mesa Air Group Inc [MESA]. The present Moving Average for the last 50 days of trading for this stock 1.0408, while it was recorded at 1.2900 for the last single week of trading, and 1.1620 for the last 200 days.
Mesa Air Group Inc [MESA]: A deeper dive into fundamental analysis
Mesa Air Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.29 and a Current Ratio set at 0.45.
An analysis of Institutional ownership at Mesa Air Group Inc [MESA]
There are presently around $11.83%, or 15.08%% of MESA stock, in the hands of institutional investors. The top three institutional holders of MESA stocks are: VANGUARD GROUP INC with ownership of 1.76 million shares, which is approximately 4.2911%. PINNACLE HOLDINGS, LLC, holding 0.61 million shares of the stock with an approximate value of $$1.04 million in MESA stocks shares; and PINNACLE HOLDINGS, LLC, currently with $$0.93 million in MESA stock with ownership which is approximately 1.3291%.
