Wizz Air (LON:WIZZ) Reaches New 12-Month Low - Time to Sell?

Shares of Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 1,034.32 ($14.05) and last traded at GBX 1,034.32 ($14.05), with a volume of 230350 shares traded. The stock had previously closed at GBX 1,048 ($14.24).

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WIZZ. JPMorgan Chase & Co. restated a "neutral" rating on shares of Wizz Air in a research note on Monday. Royal Bank Of Canada upped their target price on Wizz Air from GBX 2,300 ($31.25) to GBX 2,400 ($32.60) and gave the company an "outperform" rating in a research report on Friday, March 28th.

Wizz Air Stock Performance

The firm has a 50 day moving average price of GBX 1,373.57 and a 200-day moving average price of GBX 1,456.14. The stock has a market capitalization of £1.28 billion, a PE ratio of 4.35, a PEG ratio of 0.47 and a beta of 2.28. The company has a quick ratio of 0.82, a current ratio of 0.98 and a debt-to-equity ratio of 1,582.50.

Insider Buying and Selling at Wizz Air

In related news, insider Charlotte Pedersen bought 750 shares of the stock in a transaction dated Friday, June 6th. The shares were purchased at an average price of GBX 1,211 ($16.45) per share, for a total transaction of £9,082.50 ($12,338.68). Also, insider Andrew S. Broderick bought 595 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average cost of GBX 1,414 ($19.21) per share, for a total transaction of £8,413.30 ($11,429.56). In the last three months, insiders have purchased 1,445 shares of company stock valued at $1,870,280. 25.73% of the stock is currently owned by corporate 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.