Wizz Air (LON:WIZZ) Trading Down 22.5% - Time to Sell?

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) traded down 22.5% during trading on Thursday . The company traded as low as GBX 1,230 ($16.64) and last traded at GBX 1,297 ($17.55). 40,066,773 shares changed hands during trading, an increase of 2,806% from the average session volume of 1,378,575 shares. The stock had previously closed at GBX 1,674 ($22.65).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their price target on shares of Wizz Air from GBX 2,300 ($31.11) to GBX 2,400 ($32.47) and gave the stock an "outperform" rating in a report on Friday, March 28th.

Wizz Air Stock Down 1.4%

The stock's 50-day moving average price is GBX 1,558.96 and its two-hundred day moving average price is GBX 1,501.23. 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 stock has a market capitalization of £1.46 billion, a P/E ratio of 4.96, a P/E/G ratio of 0.47 and a beta of 2.28.

Insiders Place Their Bets

In other Wizz Air news, insider Andrew S. Broderick acquired 595 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was bought at an average cost of GBX 1,414 ($19.13) per share, with a total value of £8,413.30 ($11,381.63). Company insiders own 25.73% of the company's stock.

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.