Wizz Air (LON:WIZZ) Share Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Wizz Air's stock price has fallen below its 50-day moving average, indicating potential concerns for investors, with the stock last trading at GBX 1,162 ($15.57).
• Analysts have lowered price targets for Wizz Air, with JPMorgan reducing it from GBX 1,350 to GBX 1,100, reflecting a "neutral" outlook.
• The company has a high debt-to-equity ratio of 1,582.50 and a consensus rating of "Hold," suggesting caution among analysts.

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,292.81 ($17.33) and traded as low as GBX 1,153.36 ($15.46). Wizz Air shares last traded at GBX 1,162 ($15.57), with a volume of 305,226 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on WIZZ. JPMorgan Chase & Co. reduced their price target on Wizz Air from GBX 1,350 to GBX 1,100 and set a "neutral" rating for the company in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft cut Wizz Air to a "hold" rating and reduced their price target for the company from GBX 1,500 to GBX 1,400 in a report on Friday, September 19th. Finally, Royal Bank Of Canada reduced their price objective on Wizz Air from GBX 1,300 to GBX 1,250 and set a "sector perform" rating for the company in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 1,250.

Wizz Air Price Performance

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 company has a 50-day moving average price of GBX 1,292.81 and a two-hundred day moving average price of GBX 1,346.47. The company has a market cap of £1.20 billion, a PE ratio of 652.81, a P/E/G ratio of 0.47 and a beta of 2.28.

About Wizz Air

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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