Wizz Air (LON:WIZZ) Hits New 52-Week Low at $1,145.00

Wizz Air Holdings Plc (LON:WIZZ) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 1,145 ($14.97) and last traded at GBX 1,155.34 ($15.11), with a volume of 5897320 shares trading hands. The stock had previously closed at GBX 1,190 ($15.56).

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 3,300 ($43.15) price target on shares of Wizz Air in a report on Thursday, July 4th.

Wizz Air Price Performance

The company has a debt-to-equity ratio of 4,303.16, a quick ratio of 0.82 and a current ratio of 0.89. The company’s fifty day simple moving average is GBX 1,601.35 and its two-hundred day simple moving average is GBX 1,994.22. The stock has a market capitalization of £1.22 billion, a PE ratio of 466.27, a P/E/G ratio of -0.30 and a beta of 2.28.

Insider Buying and Selling at Wizz Air

In other news, insider Jozsef Varadi purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of GBX 1,409 ($18.43) per share, with a total value of £140,900 ($184,255.26). 25.75% of the stock is currently owned by insiders.

About Wizz Air

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.