Mesa Air Group Inc (NASDAQ:MESA) price is hovering higher on current market day and jumping 44.35% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.71, with intraday deals fluctuating between $0.965 and $1.23. The company’s 5Y monthly beta was ticking 3.111. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.89 and 52-week low of $0.68. The stock subtracted -0.97% on its value in the past month.
Mesa Air Group Inc, which has a market valuation of $42.35 million, is expected to release its quarterly earnings report on 2023-Aug-08.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give MESA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that MESA’s price is at present 15.84% off the SMA20 and -2.53% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.84, with weekly volatility standing at 8.35%. The indicator jumps to 7.22% when calculated based on the past 30 days. Mesa Air Group Inc (NASDAQ:MESA)’s beta value is holding at 2.91, while the average true range (ATR) indicator is currently reading 0.10.
An analysis of the Mesa Air Group Inc (NASDAQ:MESA) stock in terms of its daily trading volume indicates that the 3-month average is 195.70K. However, this figure increases on the past 10-day timeline to an average of 0.15 million.
Current records show that the company has 41.31M in outstanding shares. The insiders’ percentage holdings are 21.78% of outstanding shares while the percentage share held by institutions stands at 10.63%. The stats also highlight that short interest as of 2025-03-14, stood at 0.17 million shares, which puts the short ratio at the time at 0.98. From this we can glean that short interest is 44.00 of company’s current outstanding shares. Notably, we see that shares short in March fall slightly given the previous month’s figure stood at 0.32 million. But the -11.64% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
