Wizz Air (LON:WIZZ) Shares Down 27.1% – What’s Next?

Wizz Air Holdings Plc (LON:WIZZ) shares fell 27.1% during mid-day trading on Thursday . The company traded as low as GBX 1,195 ($16.19) and last traded at GBX 1,220.88 ($16.55). 41,837,496 shares traded hands during mid-day trading, an increase of 2,899% from the average session volume of 1,395,124 shares. The stock had previously closed at GBX 1,674 ($22.69).

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their price target on Wizz Air from GBX 2,300 ($31.17) to GBX 2,400 ($32.52) and gave the company an “outperform” rating in a research note on Friday, March 28th.

Wizz Air Stock Performance

The company has a quick ratio of 0.82, a current ratio of 0.98 and a debt-to-equity ratio of 1,582.50. The stock has a fifty day simple moving average of GBX 1,564.41 and a 200-day simple moving average of GBX 1,503.27. The company has a market capitalization of £1.50 billion, a P/E ratio of 5.07, a PEG ratio of 0.47 and a beta of 2.28.

Insider Transactions at Wizz Air

In other Wizz Air news, insider Andrew S. Broderick purchased 595 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average cost of GBX 1,414 ($19.16) per share, with a total value of £8,413.30 ($11,401.68). 25.73% of the stock is owned by company 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.