Wizz Air (LON:WIZZ) Shares Pass Below 50 Day Moving Average - Should You Sell?

Key Points

• Wizz Air's stock has fallen below its fifty-day moving average, trading at GBX 1,259 ($17.16) as of Wednesday.
• Analysts have downgraded their price targets for Wizz Air, with Royal Bank of Canada setting a new target of GBX 1,250 and JPMorgan Chase lowering it to GBX 1,100, both maintaining a neutral or sector perform rating.
• The company has a high debt-to-equity ratio of 1,582.50 and a market capitalization of £1.30 billion, suggesting potential financial risks ahead.

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,263.94 ($17.23) and traded as low as GBX 1,256 ($17.12). Wizz Air shares last traded at GBX 1,259 ($17.16), with a volume of 356,653 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WIZZ shares. Royal Bank Of Canada dropped their price target on shares of Wizz Air from GBX 1,300 to GBX 1,250 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lowered their price objective on shares of Wizz Air from GBX 1,350 to GBX 1,100 and set a "neutral" rating on the stock in a report on Friday, July 25th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 1,175.

Wizz Air Stock Performance

The firm has a market capitalization of £1.30 billion, a PE ratio of 708.43, a P/E/G ratio of 0.47 and a beta of 2.28. 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's fifty day simple moving average is GBX 1,263.94 and its 200 day simple moving average is GBX 1,394.89.

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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