Mesa Air Group Inc (NASDAQ:MESA) shares, rose in value on Thursday, April 16, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.07.
Actively observing the price movement in the last trading, the stock closed the session at $1.07, falling within a range of $1.055 and $1.09. The value of beta (5-year monthly) was 3.111. Referring to stock’s 52-week performance, its high was $1.89, and the low was $0.68. On the whole, MESA has fluctuated by 9.98% over the past month.
With the market capitalization of Mesa Air Group Inc currently standing at about $44.23 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2023-Aug-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MESA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of MESA currently trading nearly 14.22% and 4.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.48, while the 7-day volatility ratio is showing 5.68% which for the 30-day chart, stands at 10.07%. Furthermore, Mesa Air Group Inc (MESA)’s beta value is 2.78, and its average true range (ATR) is 0.09.
A comparison of Mesa Air Group Inc (MESA) with its peers suggests the former has fared considerably weaker in the market. MESA showed an intraday change of 0.00% in last session, and over the past year, it grew by 33.75%%.
Data on historical trading for Mesa Air Group Inc (NASDAQ:MESA) indicates that the trading volumes over the past 10 days have averaged 6.26 and over the past 3 months, they’ve averaged 1.15 million. According to company’s latest data on outstanding shares, there are 41.31 million shares outstanding.
Nearly 21.78% of Mesa Air Group Inc’s shares belong to company insiders and institutional investors own 10.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.22 million shares as on 2025-03-31, resulting in a short ratio of 1.64. According to the data, the short interest in Mesa Air Group Inc (MESA) stood at 55.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.24 million. The stock has fallen by -7.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MESA stock heading into the next quarter.
