Wizz Air (LON:WIZZ) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Wizz Air Holdings Plc (LON:WIZZ) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,582.15 ($20.99) and traded as high as GBX 1,770 ($23.48). Wizz Air shares last traded at GBX 1,722 ($22.84), with a volume of 827,026 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target on Wizz Air from GBX 2,300 ($30.51) to GBX 2,400 ($31.84) and gave the company an “outperform” rating in a research report on Friday, March 28th.

Wizz Air Trading Down 1.6%

The company has a market capitalization of £2.09 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.47 and a beta of 2.28. The firm has a 50-day moving average price of GBX 1,582.15 and a 200-day moving average price of GBX 1,482.77. The company has a current ratio of 0.98, a quick ratio of 0.82 and a debt-to-equity ratio of 1,582.50.

Insider Activity

In related news, insider Andrew S. Broderick acquired 595 shares of Wizz Air stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of GBX 1,414 ($18.76) per share, with a total value of £8,413.30 ($11,161.18). 25.73% of the stock is owned by insiders.

About Wizz Air

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 220 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 62 million passengers in the financial year ending 31 March 2024.