Mesa Air Group Inc. [NASDAQ:MESA] is seeing significant action in the Industrials space. MESA stock has price per sales of 0.19 and price per cash flow of 1.09. The company is also booking 0.81 earnings per share.
The tape is active for Mesa Air Group Inc. [MESA] and the current price target sits at $4.40.
To add more color to this price target, MESA’s high over the last year is $6.50 and the low is $2.00. Over the last two 52 weeks, the company is trading -47.02%, while the S&P 500 is trading 0.79%.
The Price is right
Holding a Market Cap of $116.58 million, Mesa Air Group Inc. has seen a trading range over the last year of $2.05-$9.65.
For the last five days, MESA is up from its last closing price. The average shares trading hands each day is 586.97K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for MESA. When we apply the Elder Force Index to Mesa Air Group Inc., we are seeing an Elder Force Indicator number of 479042.28.
Recent Performance
The recent performance of the stock is another area that can tell traders how to proceed. MESA is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 5.52.
In the last quarter, MESA made a profit of 4.58 million. Mesa Air Group Inc. also saw quarter revenue growth year over year of 6.13%.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 3.10 compared to the 50-day moving average of 3.60%. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. MESA currently holds a 9-day RSI of 65.14%, while 100-day RSI stands at 46.63%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. MESA’s 9-day MACD is 0.08 and the company’s 100-day MACD stands at -0.31.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 12.20% by insiders and 92.47% by institutions. Regarding institutional holdings, MSD Partners, L.P. owns 6.37%, while the second top holder, Blackrock Inc., currently owns 6.29%.
Over the last six months, insiders have bought 5,000 with the most recent transaction from ORNSTEIN JONATHAN G, CEO, with a purchase at price 4.90 per share.
Conclusion
Overall, the recommended rating for MESA is Moderate Buy. Currently, the company has 5 analysts watching the stock, and the average quarterly earnings estimate is -0.03. Quarterly revenue estimates are averaging 95.41M with the high estimate reaching 102M and the low at 88M.
To review, the current 1-year target estimate is sitting at 4.40, while the current price 3.38. Based on this, we expect the stock to rise considering the aforementioned fundamentals.
