Wizz Air (LON:WIZZ) Trading Down 27.1% - Time to Sell?

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) was down 27.1% on Thursday . The company traded as low as GBX 1,195 ($16.17) and last traded at GBX 1,220.88 ($16.52). Approximately 41,837,496 shares changed hands during trading, an increase of 2,899% from the average daily volume of 1,395,124 shares. The stock had previously closed at GBX 1,674 ($22.65).

Analysts Set New Price Targets

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

Wizz Air Stock Down 1.4%

The company 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. 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. The firm has a fifty day simple moving average of GBX 1,558.96 and a 200-day simple moving average of GBX 1,501.23.

Insider Buying and Selling

In related news, insider Andrew S. Broderick purchased 595 shares of Wizz Air stock in a transaction dated Monday, April 14th. The stock was bought at an average price of GBX 1,414 ($19.13) per share, for a total transaction of £8,413.30 ($11,381.63). 25.73% of the stock is owned by company insiders.

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.