Wizz Air (LON:WIZZ) Reaches New 1-Year Low at $1,338.00
Wizz Air Holdings Plc (LON:WIZZ) reached a new 52-week low as its share price dropped to GBX 1,338 on Wednesday before closing at GBX 1,363. Analysts have mixed sentiments, with Royal Bank of Canada maintaining an 'outperform' rating and targeting GBX 3,300, while JPMorgan downgraded their target from GBX 2,250 to GBX 2,150. Insider Jozsef Varadi bought 10,000 shares at GBX 1,409 each. Wizz Air operates a fleet of 154 aircraft offering services across Europe and the Middle East. The company currently has a market cap of £1.41 billion and a high debt-to-equity ratio of 4,303.16.
Wizz Air Holdings Plc (LON:WIZZ - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as GBX 1,338 ($17.08) and last traded at GBX 1,363 ($17.40), with a volume of 220304 shares changing hands. The stock had previously closed at GBX 1,348 ($17.21).
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on WIZZ shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 3,300 ($42.13) target price on shares of Wizz Air in a report on Thursday, July 4th. JPMorgan Chase & Co. decreased their price objective on Wizz Air from GBX 2,250 ($28.73) to GBX 2,150 ($27.45) and set a "neutral" rating on the stock in a report on Wednesday, May 8th.
Check Out Our Latest Report on WIZZ
Wizz Air Stock Down 0.1 %
The business's 50 day simple moving average is GBX 2,063.76 and its 200 day simple moving average is GBX 2,124.15. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 4,303.16. The firm has a market capitalization of £1.41 billion, a PE ratio of 534.51, a PEG ratio of -0.30 and a beta of 2.31.
Insider Buying and Selling
In related news, insider Jozsef Varadi bought 10,000 shares of the company's stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of GBX 1,409 ($17.99) per share, for a total transaction of £140,900 ($179,902.96). 25.72% of the stock is currently owned by company insiders.
About Wizz Air
(Get Free Report)Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East. As of June 08, 2022, it operated a fleet of 154 aircraft that offered services for approximately 1000 routes from 194 airports in 51 countries.
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