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Wizz Air (LON:WIZZ) Hits New 1-Year Low - What's Next?

Wizz Air logo with Industrials background

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1,037 ($13.92) and last traded at GBX 1,055 ($14.16), with a volume of 7462571 shares changing hands. The stock had previously closed at GBX 1,072 ($14.39).

Analysts Set New Price Targets

Separately, Royal Bank Of Canada boosted their price objective on Wizz Air from GBX 2,300 ($30.88) to GBX 2,400 ($32.22) and gave the stock an "outperform" rating in a research note on Friday, March 28th.

Check Out Our Latest Report on WIZZ

Wizz Air Stock Performance

The company has a market capitalization of £1.29 billion, a PE ratio of 4.37, a PEG ratio of 0.47 and a beta of 2.28. 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 50 day moving average price of GBX 1,495.77 and a 200 day moving average price of GBX 1,489.43.

Insider Buying and Selling

In other Wizz Air news, insider Charlotte Pedersen purchased 100 shares of the business's stock in a transaction on Friday, June 6th. The stock was bought at an average cost of GBX 1,207 ($16.20) per share, with a total value of £1,207 ($1,620.35). Also, insider Andrew S. Broderick acquired 595 shares of Wizz Air stock in a transaction dated Monday, April 14th. The shares were bought at an average cost of GBX 1,414 ($18.98) per share, with a total value of £8,413.30 ($11,294.54). In the last 90 days, insiders have purchased 1,445 shares of company stock valued at $1,870,280. Insiders own 25.73% of the company's stock.

About Wizz Air

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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