Wizz Air (LON:WIZZ) Sets New 52-Week Low - Should You Sell?

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The company traded as low as GBX 1,037 ($14.23) and last traded at GBX 1,055 ($14.48), with a volume of 7462571 shares changing hands. The stock had previously closed at GBX 1,072 ($14.71).

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lifted their price target on Wizz Air from GBX 2,300 ($31.56) to GBX 2,400 ($32.94) and gave the stock an "outperform" rating in a research report on Friday, March 28th.

Wizz Air Trading Up 2.5%

The stock has a market cap of £1.32 billion, a PE ratio of 4.47, 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 stock has a fifty day moving average price of GBX 1,471.19 and a 200 day moving average price of GBX 1,482.67.

Insider Buying and Selling

In other Wizz Air news, insider Charlotte Pedersen bought 100 shares of the company's stock in a transaction on Friday, June 6th. The stock was acquired at an average price of GBX 1,207 ($16.56) per share, for a total transaction of £1,207 ($1,656.37). Also, insider Andrew S. Broderick bought 595 shares of the business's stock in a transaction dated Monday, April 14th. The shares were acquired at an average cost of GBX 1,414 ($19.40) per share, for a total transaction of £8,413.30 ($11,545.63). Insiders purchased a total of 1,445 shares of company stock worth $1,870,280 over the last three months. 25.73% of the stock is owned by insiders.

Wizz Air Company Profile

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.