Wizz Air (LON:WIZZ) Hits New 52-Week Low - Here's What Happened

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 1,101 ($14.94) and last traded at GBX 1,112.47 ($15.10), with a volume of 3603035 shares trading hands. The stock had previously closed at GBX 1,141 ($15.48).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their price target on shares of Wizz Air from GBX 2,300 ($31.21) to GBX 2,400 ($32.57) and gave the stock an "outperform" rating in a report on Friday, March 28th.

Wizz Air Trading Down 2.9%

The stock's fifty day simple moving average is GBX 1,523.63 and its 200-day simple moving average is GBX 1,495.34. The firm has a market cap of £1.36 billion, a PE ratio of 4.62, 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 current ratio of 0.98 and a quick ratio of 0.82.

Insiders Place Their Bets

In other Wizz Air news, insider Charlotte Pedersen bought 750 shares of Wizz Air stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of GBX 1,211 ($16.43) per share, with a total value of £9,082.50 ($12,325.28). Also, insider Andrew S. Broderick bought 595 shares of Wizz Air stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average cost of GBX 1,414 ($19.19) per share, with a total value of £8,413.30 ($11,417.15). Over the last quarter, insiders purchased 1,445 shares of company stock valued at $1,870,280. Insiders own 25.73% of the company's stock.

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.

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