An overall feel about Mesa Air Group Inc. (NASDAQ: MESA) stock in the current moment?

As of close of business last night, Mesa Air Group Inc.’s stock clocked out at $2.59, up 12.12% from its previous closing price of $2.31. In other words, the price has increased by $+0.2800 from its previous closing price. On the day, 741262 shares were traded. MESA stock price reached its highest trading level at $2.6000 during the session, while it also had its lowest trading level at $2.3200.

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To gain a deeper understanding of MESA’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 1.95 whereas as Long-Term Debt/Eq ratio is at 1.63.

Upgrades & Downgrades

On January 07, 2022, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $12 to $8.

Deutsche Bank Downgraded its Buy to Hold on December 10, 2021, whereas the target price for the stock was revised from $15 to $7.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.31.

Stock Price History:

Over the past 52 weeks, MESA has reached a high of $5.45, while it has fallen to a 52-week low of $1.03. The 50-Day Moving Average of the stock is 1.5636, while the 200-Day Moving Average is calculated to be 2.2403.

Shares Statistics:

It appears that MESA traded 422.62K shares on average per day over the past three months and 593.55k shares per day over the past ten days. A total of 36.34M shares are outstanding, with a floating share count of 34.88M. Insiders hold about 0.20% of the company’s shares, while institutions hold 38.70% stake in the company. Shares short for MESA as of Oct 13, 2022 were 870.56k with a Short Ratio of 0.81M, compared to 844.88k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.40% and a Short% of Float of 2.48%.

Earnings Estimates

As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.36, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.36, with high estimates of -$0.32 and low estimates of -$0.41.

Analysts are recommending an EPS of between -$0.9 and -$1.09 for the fiscal current year, implying an average EPS of -$1.01. EPS for the following year is -$0.5, with 4 analysts recommending between -$0.05 and -$0.98.

Revenue Estimates

In the current quarter, 4 analysts expect revenue to total $124.22M. It ranges from a high estimate of $148M to a low estimate of $107M. As of the current estimate, Mesa Air Group Inc.’s year-ago sales were $130.78M, an estimated decrease of -5.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $135.54M, a decrease of -4.00% over than the figure of -$5.00% in the same quarter last year. There is a high estimate of $150M for the next quarter, whereas the lowest estimate is $121.08M.

A total of 3 analysts have provided revenue estimates for MESA’s current fiscal year. The highest revenue estimate was $554M, while the lowest revenue estimate was $512.2M, resulting in an average revenue estimate of $530.15M. In the same quarter a year ago, actual revenue was $503.59M, up 5.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $565.32M in the next fiscal year. The high estimate is $631M and the low estimate is $527.56M. The average revenue growth estimate for next year is up 6.60% from the average revenue estimate for this year.