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

Wizz Air logo with Industrials background

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 1,002 ($13.45) and last traded at GBX 1,020 ($13.69), with a volume of 1022545 shares traded. The stock had previously closed at GBX 1,019 ($13.68).

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Wizz Air from GBX 2,300 ($30.87) to GBX 2,400 ($32.21) and gave the stock an "outperform" rating in a research report on Friday, March 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Wizz Air in a report on Monday, July 7th.

View Our Latest Report on Wizz Air

Wizz Air Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.82 and a debt-to-equity ratio of 1,582.50. The firm's fifty day moving average is GBX 1,284.45 and its 200 day moving average is GBX 1,436.51. The company has a market cap of £1.29 billion, a PE ratio of 4.36, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28.

Insiders Place Their Bets

In related news, insider Charlotte Pedersen acquired 750 shares of Wizz Air stock in a transaction on Friday, June 6th. The stock was bought at an average cost of GBX 1,211 ($16.26) per share, for a total transaction of £9,082.50 ($12,191.28). Corporate insiders own 25.73% of the company's stock.

About Wizz Air

(Get Free Report)

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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