Now Is The Time To Build A Position In Mesa Air Group Inc (NASDAQ:MESA)

In last trading session, Mesa Air Group Inc (NASDAQ:MESA) saw 0.31 million shares changing hands with its beta currently measuring 3.08. Company’s recent per share price level of $1.36 trading at $0.01 or 0.74% at ring of the bell on the day assigns it a market valuation of $56.18M. That closing price of MESA’s stock is at a discount of -38.97% from its 52-week high price of $1.89 and is indicating a premium of 59.56% from its 52-week low price of $0.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.39 million shares which gives us an average trading volume of 286.50K if we extend that period to 3-months.

Mesa Air Group Inc (NASDAQ:MESA) trade information

Upright in the green during last session for gaining 0.74%, in the last five days MESA remained trading in the green while hitting it’s week-highest on Tuesday, 01/07/25 when the stock touched $1.36 price level, adding 4.8% to its value on the day. Mesa Air Group Inc’s shares saw a change of 17.24% in year-to-date performance and have moved 7.09% in past 5-day. Mesa Air Group Inc (NASDAQ:MESA) showed a performance of 25.93% in past 30-days. Number of shares sold short was 0.23 million shares which calculate 0.95 days to cover the short interests.

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

Insiders are in possession of 21.57% of company’s total shares while institution are holding 11.83 percent of that, with stock having share float percentage of 15.08%. Investors also watch the number of corporate investors in a company very closely, which is 11.83% institutions for Mesa Air Group Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at MESA for having 1.76 million shares of worth $3.01 million. And as of 2024-06-30, it was holding 4.2911 of the company’s outstanding shares.

The second largest institutional holder is PINNACLE HOLDINGS, LLC, which was holding about 0.61 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.4809 of outstanding shares, having a total worth of $1.04 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.21 shares of worth $1.64 million or 2.93% of the total outstanding shares. The later fund manager was in possession of 474.21 shares on Sep 30, 2024 , making its stake of worth around $0.64 million in the company or a holder of 1.15% of company’s stock.