21-May-2024
Mesa Air Non-GAAP EPS of -$0.53, revenue of $118.8M
Seeking Alpha News (Mon, 20-May 9:36 AM ET)
Mesa Air Group Reports First Quarter Fiscal 2024 Results
Globe Newswire (Mon, 20-May 7:05 AM ET)
Mesa Air Group Addresses Nasdaq Compliance Hurdle
TipRanks (Fri, 17-May 4:14 PM ET)
Mesa Air Group Discloses Notice from Nasdaq
Globe Newswire (Fri, 17-May 4:05 PM ET)
Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 86 cities in 36 states, the District of Columbia, Canada, Cuba, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles and other regions.
Mesa Air Group trades on the NASDAQ stock market under the symbol MESA.
As of May 21, 2024, MESA stock price climbed to $1.24 with 2,123,588 million shares trading.
MESA has a beta of 3.49, meaning it tends to be more sensitive to market movements. MESA has a correlation of 0.18 to the broad based SPY ETF.
MESA has a market cap of $50.37 million. This is considered a Micro Cap stock.
Last quarter Mesa Air Group reported $114 million in Revenue and -$.64 earnings per share. This beat revenue expectation by $366,000 and missed earnings estimates by -$.49.
In the last 3 years, MESA stock traded as high as $11.57 and as low as $.40.
The top ETF exchange traded funds that MESA belongs to (by Net Assets): VTI, VXF, IWC.
MESA stock has underperformed the market in the last year with a return of -30.7%, while SPY returned +28.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MESA shares. However, MESA has outperformed the market in the last 3 month and 2 week periods, returning +28.2% and +34.8%, while SPY returned +7.3% and +2.9%, respectively. This indicates MESA has been having a stronger performance recently.
MESA support price is $1.05 and resistance is $1.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MESA stock will trade within this expected range on the day.