Schaeffer's Top Stock Picks for '25

Mesa Air Group Stock Surges on Airline Switch

Mesa Air Group will run regional flights for United Airlines

Deputy Editor
Dec 19, 2022 at 11:04 AM
facebook X logo linkedin


Mesa Air Group Inc (NASDAQ:MESA) is in the spotlight today, after news that the company is finalizing a five-year deal with United Airlines (UAL) to operate regional flights, as its winds down  its contract with American Airlines (AAL). Mesa also noted it is exploring options to raise money amid rising costs, after the company gave pilots bumper contracts. 

MESA is up 12% to trade at $1.31 at last glance, bouncing off last session's record low of $1.15. Pressure from the equity's 60-day moving average and $1.50 level kept a lid on gains earlier this month, and the stock is a far cry from its March 2021 record high of $17.40. 

Analysts are bearish toward Mesa Air Group stock. Of the three in coverage, two carry a tepid "hold" rating, while one says "strong sell." However, the 12-month consensus price target of $2.83 is a 116% premium to current levels. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));