Wizz Air (LON:WIZZ) Trading Down 27.9% – Time to Sell?

Wizz Air Holdings Plc (LON:WIZZ)’s share price dropped 27.9% on Thursday . The stock traded as low as GBX 1,195 ($16.17) and last traded at GBX 1,207 ($16.33). Approximately 6,565,306 shares were traded during mid-day trading, an increase of 516% from the average daily volume of 1,065,477 shares. The stock had previously closed at GBX 1,674 ($22.65).

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price target on Wizz Air from GBX 2,300 ($31.11) to GBX 2,400 ($32.47) and gave the company an “outperform” rating in a research note on Friday, March 28th.

Wizz Air Trading Down 1.4%

The company has a 50 day simple moving average of GBX 1,554.02 and a 200 day simple moving average of GBX 1,499.09. The company has a debt-to-equity ratio of 1,582.50, a quick ratio of 0.82 and a current ratio of 0.98. The company has a market capitalization of £1.46 billion, a PE ratio of 4.96, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28.

Insider Activity

In other news, insider Andrew S. Broderick purchased 595 shares of the firm’s stock in a transaction on Monday, April 14th. The shares were bought at an average cost of GBX 1,414 ($19.13) per share, for a total transaction of £8,413.30 ($11,381.63). Company insiders own 25.73% of the company’s stock.

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.