Estimating Price Trends For Mesa Air Group Inc (NASDAQ: MESA)

Mesa Air Group Inc (NASDAQ:MESA) does about 285.10K shares in volume on a normal day but saw 276343 shares change hands in the recent trading day. The company now has a market cap of 54.95M USD. Its current market price is $1.33, marking no change compared to the previous close of $1.33. The 52 week high reached by this stock is $1.89 whilst the lowest price level in 52 weeks is $0.55.

Mesa Air Group Inc (MESA) has a 20-day trading average at $1.2582 and the current price is -29.63% off the 52-week high compared with 140.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0914 and its 200-day simple moving average is $1.1766. If we look at the stock’s price movements over the week, volatility stands at 7.28%, which increases to 8.76% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.72 to suggest the stock is neutral.

The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 33.5% over the period.

FactSet Research has provided data showing that 0 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is nan and Wall Street’s advice is for investors to Hold the stock.

BofA Securities also downgraded the stock to “Neutral” from Buy on January 07, 2022 at a price target of $12-$8. Deutsche Bank downgraded its price target at $15-$7.

The current price level is 5.70%, 21.85%, and 13.04% away from its SMA20, SMA50, and SMA200 respectively, with the MESA price moving below the 50-day SMA on current market day. Mesa Air Group Inc (MESA) stock is down -2.21% over the week and 12.71% over the past month. Its price is 14.66% year-to-date and 114.52% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 33.5 percent from here.

Outstanding shares total 41.31M with insiders holding 21.57% of the shares and institutional holders owning 11.86% of the company’s common stock. The company has a return on investment of -22.01% and return on equity of -52.06%. The beta has a value of 3.09. Price to book ratio is 0.41 and price to sales ratio is 0.12.