Wizz Air (LON:WIZZ) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Wizz Air Holdings Plc (LON:WIZZ)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,423.78 ($18.36) and traded as low as GBX 1,332 ($17.18). Wizz Air shares last traded at GBX 1,377.57 ($17.76), with a volume of 15,265,884 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price target on shares of Wizz Air from GBX 2,300 ($29.66) to GBX 2,400 ($30.95) and gave the stock an “outperform” rating in a research report on Friday, March 28th.

Wizz Air Stock Performance

The company has a market cap of £1.70 billion, a price-to-earnings ratio of 5.74, a P/E/G ratio of 0.47 and a beta of 2.28. The company has a debt-to-equity ratio of 1,582.50, a quick ratio of 0.82 and a current ratio of 0.98. The company has a fifty day moving average of GBX 1,559.67 and a two-hundred day moving average of GBX 1,425.59.

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.