Wizz Air (LON:WIZZ) Shares Down 27.7% - What's Next?

Shares of Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) fell 27.7% during mid-day trading 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 were traded 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).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their target price on Wizz Air from GBX 2,300 ($31.23) to GBX 2,400 ($32.59) and gave the company an "outperform" rating in a research report on Friday, March 28th.

Wizz Air Trading Down 1.4%

The company has a market capitalization of £1.46 billion, a PE ratio of 4.96, a PEG 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. The company has a fifty day simple moving average of GBX 1,558.96 and a 200-day simple moving average of GBX 1,501.23.

Insider Activity

In other news, insider Andrew S. Broderick acquired 595 shares of the company's stock in a transaction dated Monday, April 14th. The shares were bought at an average price of GBX 1,414 ($19.20) per share, for a total transaction of £8,413.30 ($11,424.90). Company insiders own 25.73% of the company's stock.

Wizz Air Company Profile

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.