Wizz Air Holdings Plc (LON:WIZZ - Get Free Report)'s stock price fell 27.7% on Thursday . The company traded as low as GBX 1,195 ($16.23) and last traded at GBX 1,209.48 ($16.42). 6,614,458 shares changed hands during trading, an increase of 521% from the average session volume of 1,065,937 shares. The stock had previously closed at GBX 1,674 ($22.73).
Analysts Set New Price Targets
Separately, Royal Bank of Canada increased their price objective on shares of Wizz Air from GBX 2,300 ($31.23) to GBX 2,400 ($32.59) and gave the stock an "outperform" rating in a research note on Friday, March 28th.
Get Our Latest Research Report on Wizz Air
Wizz Air Stock Down 27.7%
The company has a current ratio of 0.98, a quick ratio of 0.82 and a debt-to-equity ratio of 1,582.50. The stock has a 50-day moving average of GBX 1,564.41 and a 200-day moving average of GBX 1,503.27. The firm has a market cap of £1.49 billion, a price-to-earnings ratio of 5.04, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28.
Insider Activity
In other Wizz Air news, insider Andrew S. Broderick purchased 595 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was bought at an average price of GBX 1,414 ($19.20) per share, with a total value of £8,413.30 ($11,424.90). Corporate insiders own 25.73% of the company's stock.
About Wizz Air
(
Get Free Report)
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.
Further Reading
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