Mesa Air Group (MESA) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mesa Air Group in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MESA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MESA, but not buy additional shares or sell existing shares.
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4 brokerages have issued twelve-month price targets for Mesa Air Group's shares. Their MESA share price forecasts range from $1.50 to $3.00. On average, they expect the company's stock price to reach $2.00 in the next year. This suggests a possible upside of 13.0% from the stock's current price.
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Mesa Air Group's stock was trading at $1.53 on January 1st, 2023. Since then, MESA shares have increased by 15.7% and is now trading at $1.77.
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Mesa Air Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 489,800 shares, an increase of 26.8% from the April 30th total of 386,400 shares. Based on an average trading volume of 340,700 shares, the short-interest ratio is presently 1.4 days. Currently, 1.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our MESA earnings forecast.

Mesa Air Group, Inc. (NASDAQ:MESA) issued its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.20. The business earned $121.83 million during the quarter, compared to the consensus estimate of $144.14 million. Mesa Air Group had a negative net margin of 32.10% and a negative trailing twelve-month return on equity of 14.15%.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mesa Air Group investors own include American Airlines Group (AAL), AT&T (T), AbbVie (ABBV), Delta Air Lines (DAL), Exxon Mobil (XOM), Alibaba Group (BABA), Carnival Co. & (CCL), Ford Motor (F) and NVIDIA (NVDA).

(MESA) raised $115 million in an initial public offering on Friday, August 10th 2018. The company issued 9,600,000 shares at $12.00 per share. Raymond James and BofA Merrill Lynch served as the underwriters for the IPO and Cowen, Stifel and Imperial Capital were co-managers.

Mesa Air Group trades on the NASDAQ under the ticker symbol "MESA."

Mesa Air Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank of America Corp DE (5.32%), Royce & Associates LP (1.85%), Royce & Associates LP (1.85%), BlackRock Inc. (1.54%), Two Sigma Advisers LP (1.16%) and Dimensional Fund Advisors LP (1.10%). Insiders that own company stock include Brian S Gillman, Brian S Gillman, Dana J Lockhart, Ellen N Artist, Harvey W Schiller, Jonathan G Ornstein, Michael Lotz and Mitchell I Gordon.
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Shares of MESA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MESA stock can currently be purchased for approximately $1.77.

Mesa Air Group (NASDAQ:MESA) has a market capitalization of $71.90 million and generates $531 million in revenue each year. The company earns $-182,680,000.00 in net income (profit) each year or ($4.59) on an earnings per share basis.

The company employs 2,454 workers across the globe.

Mesa Air Group's mailing address is 410 NORTH 44TH STREET SUITE 700, PHOENIX AZ, 85008. The official website for the company is www.mesa-air.com. The company can be reached via phone at (602) 685-4000, via email at investor.relations@mesa-air.com, or via fax at 602-685-4350.