Wizz Air (LON:WIZZ) Hits New 12-Month Low - What's Next?

Shares of Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 1,101 ($14.83) and last traded at GBX 1,112.47 ($14.98), with a volume of 3603035 shares traded. The stock had previously closed at GBX 1,141 ($15.36).

Analyst Ratings Changes

Separately, Royal Bank Of Canada boosted their price objective on shares of Wizz Air from GBX 2,300 ($30.97) to GBX 2,400 ($32.32) and gave the company an "outperform" rating in a research note on Friday, March 28th.

Wizz Air Stock Performance

The stock has a market cap of £1.32 billion, a PE ratio of 4.47, a P/E/G ratio of 0.47 and a beta of 2.28. The company has a debt-to-equity ratio of 1,582.50, a current ratio of 0.98 and a quick ratio of 0.82. The stock has a 50-day simple moving average of GBX 1,501.93 and a 200-day simple moving average of GBX 1,489.15.

Insider Transactions at Wizz Air

In other news, insider Charlotte Pedersen acquired 100 shares of the stock in a transaction on Friday, June 6th. The stock was bought at an average price of GBX 1,207 ($16.25) per share, with a total value of £1,207 ($1,625.37). Also, insider Andrew S. Broderick acquired 595 shares of the company's stock in a transaction dated Monday, April 14th. The shares were purchased at an average price of GBX 1,414 ($19.04) per share, for a total transaction of £8,413.30 ($11,329.52). In the last quarter, insiders bought 1,445 shares of company stock worth $1,870,280. 25.73% of the stock is currently owned by company 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.