Wizz Air (LON:WIZZ) Trading Down 27.7% - Here's Why

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report)'s stock price fell 27.7% on Thursday . The stock traded as low as GBX 1,195 ($16.23) and last traded at GBX 1,209.48 ($16.42). 6,614,458 shares were traded during mid-day 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).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their price target 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.

Wizz Air Trading Down 27.7%

The company's 50 day moving average price is GBX 1,564.41 and its two-hundred day moving average price is GBX 1,503.27. 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 stock has a market capitalization of £1.49 billion, a PE ratio of 5.04, a P/E/G ratio of 0.47 and a beta of 2.28.

Insider Buying and Selling

In other Wizz Air news, insider Andrew S. Broderick acquired 595 shares of the stock in a transaction dated Monday, April 14th. The stock was acquired at an average price of GBX 1,414 ($19.20) per share, with a total value of £8,413.30 ($11,424.90). 25.73% of the stock is owned by company 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.

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