Wizz Air (LON:WIZZ) Stock Price Passes Below Fifty Day Moving Average - What's Next?

Key Points

• Wizz Air shares closed below their 50-day moving average of GBX 1,269.03, trading at GBX 1,169.91, indicating a potential downward trend.
• Analysts have lowered their price targets for Wizz Air, with JPMorgan reducing it to GBX 1,100 and Deutsche Bank to GBX 1,400, reflecting cautious outlooks.
• The company holds a market capitalization of £1.21 billion and has a consensus rating of "Hold" among analysts, with a target price of GBX 1,250.

Shares of Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,269.03 ($17.04) and traded as low as GBX 1,127 ($15.13). Wizz Air shares last traded at GBX 1,169.91 ($15.71), with a volume of 724,232 shares traded.

Wall Street Analysts Forecast Growth

WIZZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Wizz Air from GBX 1,350 to GBX 1,100 and set a "neutral" rating for the company in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft downgraded shares of Wizz Air to a "hold" rating and reduced their price objective for the stock from GBX 1,500 to GBX 1,400 in a research note on Friday, September 19th. Finally, Royal Bank Of Canada dropped their target price on shares of Wizz Air from GBX 1,300 to GBX 1,250 and set a "sector perform" rating for the company in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Wizz Air has a consensus rating of "Hold" and a consensus price target of GBX 1,250.

Wizz Air Trading Up 2.1%

The firm has a 50-day moving average of GBX 1,269.03 and a two-hundred day moving average of GBX 1,324.32. The firm has a market capitalization of £1.21 billion, a P/E ratio of 657.25, a P/E/G ratio of 0.47 and a beta of 2.28. 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.

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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