Shares of Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) dropped 27.7% on Friday . The stock traded as low as GBX 1,195 ($16.19) and last traded at GBX 1,209.48 ($16.39). Approximately 6,614,458 shares changed hands during trading, an increase of 521% from the average daily volume of 1,065,937 shares. The stock had previously closed at GBX 1,674 ($22.69).
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada boosted their target price on Wizz Air from GBX 2,300 ($31.17) to GBX 2,400 ($32.52) and gave the company an "outperform" rating in a research note on Friday, March 28th.
Get Our Latest Stock Report on WIZZ
Wizz Air Price Performance
The business has a fifty day moving average of GBX 1,554.02 and a two-hundred day moving average of GBX 1,501.26. 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. The firm has a market capitalization of £1.40 billion, a price-to-earnings ratio of 4.75, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28.
Insiders Place Their Bets
In other news, insider Charlotte Pedersen bought 750 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average cost of GBX 1,211 ($16.41) per share, with a total value of £9,082.50 ($12,308.58). Also, insider Andrew S. Broderick acquired 595 shares of the company's stock in a transaction on Monday, April 14th. The stock was acquired at an average cost of GBX 1,414 ($19.16) per share, for a total transaction of £8,413.30 ($11,401.68). Insiders have purchased a total of 1,445 shares of company stock worth $1,870,280 in the last 90 days. Company insiders own 25.73% of the company's stock.
About Wizz Air
(
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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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