During the last session, Mesa Air Group, Inc. (NASDAQ:MESA)’s traded shares were 1,046,080, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $13.49, reflecting an intraday loss of -2.1% or -$0.29. The 52-week high for the MESA share is $17.4, that puts it down -28.98% from that peak though still a striking +80.36% gain since the share price plummeted to a 52-week low of $2.65. The company’s market capitalization is $479.82 Million, and the average intraday trading volume over the past 10 days was 789.65 Million shares, and the average trade volume was 1.45 Million shares over the past three months.
Mesa Air Group, Inc. (MESA) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.4. MESA has a Sell rating from none of the analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 2 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.24.
Mesa Air Group, Inc. (NASDAQ:MESA): Trading Information
Mesa Air Group, Inc. (MESA) registered a -2.1% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 7.54% in intraday trading to $14.59 this Wednesday, Apr 07, hitting a weekly high. The stock’s 5-day price performance is -1.82%, and it has moved by 7.15% in 30 days. Based on these gigs, the overall price performance for the year is 101.64%. The short interest in Mesa Air Group, Inc. (NASDAQ:MESA) is 4.49 Million shares and it means that shorts have 3.1 day(s) to cover.
Mesa Air Group, Inc. (MESA) projections and forecasts
Statistics show that Mesa Air Group, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Mesa Air Group, Inc. (MESA) shares have gone up +337.99% during the last six months, with a year-to-date growth rate less than the industry average at 11.54% against 48.6%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 380% this quarter and then jump 20% in the quarter after that. In the rating firms’ projections, revenue will increase 10.1% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated -6.8%. While earnings are projected to return -42.7% in 2021, the next five years will return -6.1% per annum.
Mesa Air Group, Inc. (NASDAQ:MESA)’s Biggest Investors
Mesa Air Group, Inc. insiders own 11.19% of total outstanding shares while institutional holders control 72.45%, with the float percentage being 81.57%. Corre Partners Management, LLC is the largest shareholder of the company, while 132 institutions own stock in it. As of Dec 30, 2020, the company held over 2.62 Million shares (or 7.36% of all shares), a total value of $17.51 Million in shares.
The next largest institutional holding, with 2.35 Million shares, is of UBS Group AG’s that is approximately 6.62% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $15.74 Million.
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Also, the Mutual Funds coming in first place with the largest holdings of Mesa Air Group, Inc. (MESA) shares are Vanguard Total Stock Market Index Fund and Royce Opportunity Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 906,914 shares. This amounts to just over 2.55 percent of the company’s overall shares, with a $6.07 Million market value. The same data shows that the other fund manager holds slightly less at 771.45 Thousand, or about 2.17% of the stock, which is worth about $5.16 Million.