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

Shares of Mesa Air Group, Inc. (NASDAQ:MESA) rose 3.1% on Thursday . The company traded as high as $1.35 and last traded at $1.35. Approximately 276,907 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 437,921 shares. The stock had previously closed at $1.31.

Mesa Air Group Stock Performance

The stock has a market capitalization of $56.19 million, a P/E 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. The stock has a 50 day simple moving average of $1.07 and a two-hundred day simple moving average of $1.22.

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

Institutional Trading of Mesa Air Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Regent Peak Wealth Advisors LLC acquired a new stake in shares of Mesa Air Group during the 3rd quarter worth about $36,000. Vanguard Personalized Indexing Management LLC raised its holdings in Mesa Air Group by 47.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,535 shares of the company’s stock valued at $44,000 after acquiring an additional 8,181 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Mesa Air Group by 69.9% in the 2nd 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. Institutional investors own 13.34% of the company’s stock.

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.