Wizz Air (LON:WIZZ) Stock Passes Above Fifty Day Moving Average - Time to Sell?

Shares of Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,582.16 ($21.38) and traded as high as GBX 1,632 ($22.05). Wizz Air shares last traded at GBX 1,581 ($21.36), with a volume of 379,573 shares.

Analysts Set New Price Targets

Separately, Royal Bank of Canada increased their price objective on Wizz Air from GBX 2,300 ($31.08) to GBX 2,400 ($32.43) and gave the company an "outperform" rating in a research report on Friday, March 28th.

Wizz Air Stock Performance

The business's fifty day moving average price is GBX 1,570.90 and its 200-day moving average price is GBX 1,497.39. The stock has a market cap of £1.93 billion, a PE ratio of 6.55, 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 quick ratio of 0.82 and a current ratio of 0.98.

Insider Activity at Wizz Air

In other Wizz Air news, insider Andrew S. Broderick purchased 595 shares of Wizz Air stock in a transaction dated Monday, April 14th. The stock was purchased at an average price of GBX 1,414 ($19.11) per share, with a total value of £8,413.30 ($11,369.32). 25.73% of the stock is owned by 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.