Mesa Air Group (NASDAQ:MESA) Stock Price Up 3.1% – What’s Next?

Mesa Air Group, Inc. (NASDAQ:MESA)’s stock price traded up 3.1% during trading on Thursday . The company traded as high as $1.35 and last traded at $1.35. 276,907 shares traded hands during trading, a decline of 37% from the average session volume of 437,921 shares. The stock had previously closed at $1.31.

Mesa Air Group Stock Up 0.7 %

The business’s 50 day simple moving average is $1.07 and its 200 day simple moving average is $1.22. The company has a market capitalization of $56.19 million, a PE ratio of -0.59 and a beta of 3.08. The company has a quick ratio of 0.29, a current ratio of 0.45 and a debt-to-equity ratio of 2.13.

Mesa Air Group (NASDAQ:MESA) last released its earnings results on Wednesday, October 16th. The company reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $110.79 million during the quarter. Mesa Air Group had a negative net margin of 19.86% and a negative return on equity of 32.45%.

Institutional Investors Weigh In On Mesa Air Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC bought a new position in Mesa Air Group in the 3rd quarter worth approximately $36,000. Renaissance Technologies LLC boosted its position in shares of Mesa Air Group by 69.9% in the second quarter. Renaissance Technologies LLC now owns 33,300 shares of the company’s stock valued at $57,000 after acquiring an additional 13,700 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Mesa Air Group by 47.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,535 shares of the company’s stock worth $44,000 after acquiring an additional 8,181 shares during the last quarter. 13.34% of the stock is currently owned by institutional investors and hedge funds.

Mesa Air Group Company Profile

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. As of September 30, 2023, it operated a fleet of 80 aircraft with approximately 296 daily departures to 86 cities in the United States and Mexico.