Wizz Air (LON:WIZZ) Stock Price Down 27.6% - What's Next?

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) traded down 27.6% on Thursday . The stock traded as low as GBX 1,195 ($16.23) and last traded at GBX 1,212 ($16.46). 42,888,965 shares were traded during trading, an increase of 2,953% from the average session volume of 1,404,951 shares. The stock had previously closed at GBX 1,674 ($22.73).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price target on Wizz Air from GBX 2,300 ($31.23) to GBX 2,400 ($32.59) and gave the company an "outperform" rating in a report on Friday, March 28th.

Wizz Air Trading Down 27.7%

The firm has a market cap of £1.49 billion, a PE ratio of 5.04, 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 company's 50 day moving average price is GBX 1,564.41 and its two-hundred day moving average price is GBX 1,503.27.

Insider Activity at Wizz Air

In related news, insider Andrew S. Broderick bought 595 shares of Wizz Air stock in a transaction dated Monday, April 14th. The shares were acquired at an average cost of GBX 1,414 ($19.20) per share, with a total value of £8,413.30 ($11,424.90). 25.73% of the stock is currently owned by company 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.