Mesa Air Group Inc. (NASDAQ:MESA) finished Thursday with a subtraction of -$0.13 to close at $1.79, a downside of -6.77 percent. An average of 602,540 shares of common stock have been traded in the last five days. There was a fall of -$0.2700 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 321,690 shares traded, while the 50-day average volume stands at 328,540.
MESA stock has decreased by -26.03% in the last month. The company shares reached their 1-month lowest point of $1.2800 on 08/10/23. With the stock rallying to its 52-week high on 03/09/23, shares of the company touched a low of $1.03 and a high of $3.82 in 52 weeks. It has reached a new high 21 times so far this year and achieved 16.99% or $0.2600 in price. In spite of this, the price is down -53.14% from the 52-week high.
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Valuation Metrics
Mesa Air Group Inc. (MESA) stock’s beta is 2.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.14, the price-to-book (PB) ratio at 0.26.
Financial Health
The quick ratio of Mesa Air Group Inc. for the three months ended March 30 was 0.40, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.68 and a total debt to equity ratio of 2.21 for the quarter ending March 30. Mesa Air Group Inc.’s EBITDA margin for the year ending March 30 is 12.02%, while its operating margin for the same period stands at -31.30%. Its gross profit as reported stood at $115.04 million compared to revenue of $531.0 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mesa Air Group Inc.’s return on assets was -14.60%.
Earnings Surprise
For the three-month period that ended March 30, Mesa Air Group Inc. had $463.65 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$35.12 million in the quarter, while revenues were shrunk -21.81%. The analyst consensus anticipated Mesa Air Group Inc.’s latest quarter earnings to come in at -$0.27 per share, but it turned out to be -$0.53, a -96.30% surprise. For the quarter, EBITDA amounted to -$8.45 million. At the end of the quarter ending March 30, Mesa Air Group Inc.’s stock balance sheet showed total liabilities of 780.14 million. Shareholders own equity worth $40.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mesa Air Group Inc. (MESA) price momentum. RSI 9-day as of the close on 10 August was 22.06%, suggesting the stock is oversold, with historical volatility in this time frame at 39.90%.
As of today, MESA’s price is $1.9440 -13.11% or -$0.2700 from its 5-day moving average. MESA is currently trading -23.83% lower than its 20-day SMA and -24.15% lower than its 100-day SMA. However, the stock’s current price level is +9.82% above the SMA50 and +34.59% above the SMA200.
The stochastic %K and %D were 26.82% and 16.78%, respectively, and the average true range (ATR) was 0.1854. With the 14-day stochastic at 49.51% and the average true range at 0.1744, the RSI (14) stands at 30.59%. The stock has reached -0.1378 on the 9-day MACD Oscillator while the 14-day reading was at -0.2018.
Analyst Ratings
Raymond James downgraded Mesa Air Group Inc. (NASDAQ: MESA) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Mesa Air Group Inc. (MESA) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MESA, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is MESA’s price target for the next 12 months?
Analysts predict a range of price targets between $1.50 and $3.00, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for Mesa Air Group Inc. (MESA) stock is $2.17.
