Why Buy Stock In Mesa Air Group Inc (MESA)?

Mesa Air Group Inc (NASDAQ:MESA) has a beta value of 3.09 and has seen 0.59 million shares traded in the recent trading session. The company, currently valued at $57.42M, closed the recent trade at $1.39 per share which meant it gained $0.13 on the day or 10.32% during that session. The MESA stock price is -35.97% off its 52-week high price of $1.89 and 60.43% above the 52-week low of $0.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.27 million shares traded. The 3-month trading volume is 268.65K shares.

Mesa Air Group Inc (NASDAQ:MESA) trade information

Sporting 10.32% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MESA stock price touched $1.39 or saw a rise of 2.7%. Year-to-date, Mesa Air Group Inc shares have moved 19.83%, while the 5-day performance has seen it change 11.20%. Over the past 30 days, the shares of Mesa Air Group Inc (NASDAQ:MESA) have changed 34.95%. Short interest in the company has seen 0.23 million shares shorted with days to cover at 0.95.

Mesa Air Group Inc (MESA) estimates and forecasts

The company’s shares have lost -10.90% over the past 6 months.

MESA Dividends

Mesa Air Group Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Mesa Air Group Inc (NASDAQ:MESA)’s Major holders

Insiders own 21.57% of the company shares, while shares held by institutions stand at 11.83% with a share float percentage of 15.08%. Investors are also buoyed by the number of investors in a company, with Mesa Air Group Inc having a total of 45.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 1.76 million shares worth more than $3.01 million. As of 2024-06-30, VANGUARD GROUP INC held 4.2911% of shares outstanding.

The other major institutional holder is PINNACLE HOLDINGS, LLC, with the holding of over 0.61 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.04 million and represent 1.4809% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.93% shares in the company for having 1.21 shares of worth $1.67 million while later fund manager owns 474.21 shares of worth $0.66 million as of Sep 30, 2024 , which makes it owner of about 1.15% of company’s outstanding stock.