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

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 1,034.32 ($13.95) and last traded at GBX 1,034.32 ($13.95), with a volume of 230350 shares traded. The stock had previously closed at GBX 1,048 ($14.13).

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WIZZ. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Wizz Air in a research report on Monday, July 7th. Royal Bank Of Canada upped their target price on Wizz Air from GBX 2,300 ($31.02) to GBX 2,400 ($32.37) and gave the company an "outperform" rating in a research report on Friday, March 28th.

Wizz Air Trading Down 1.1%

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 simple moving average of GBX 1,346.19 and a two-hundred day simple moving average of GBX 1,450.37. The firm has a market cap of £1.27 billion, a PE ratio of 4.30, a P/E/G ratio of 0.47 and a beta of 2.28.

Insider Activity

In other news, insider Charlotte Pedersen purchased 100 shares of the company's stock in a transaction on Friday, June 6th. The shares were acquired at an average price of GBX 1,207 ($16.28) per share, for a total transaction of £1,207 ($1,627.78). Also, insider Andrew S. Broderick purchased 595 shares of the company's stock in a transaction on Monday, April 14th. The shares were purchased at an average price of GBX 1,414 ($19.07) per share, for a total transaction of £8,413.30 ($11,346.33). In the last quarter, insiders have acquired 1,445 shares of company stock worth $1,870,280. Company 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.