Wizz Air (LON:WIZZ) Shares Down 25.7% – What’s Next?

Wizz Air Holdings Plc (LON:WIZZ)’s stock price traded down 25.7% during mid-day trading on Thursday . The stock traded as low as GBX 1,216 ($16.45) and last traded at GBX 1,243 ($16.82). 41,138,234 shares changed hands during mid-day trading, an increase of 2,863% from the average session volume of 1,388,589 shares. The stock had previously closed at GBX 1,674 ($22.65).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their target price on Wizz Air from GBX 2,300 ($31.11) to GBX 2,400 ($32.47) and gave the company an “outperform” rating in a report on Friday, March 28th.

Wizz Air Stock Down 1.4%

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 fifty day moving average price of GBX 1,554.02 and a two-hundred day moving average price of GBX 1,499.09. The company has a market cap of £1.46 billion, a P/E ratio of 4.96, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28.

Insider Activity

In related news, insider Andrew S. Broderick bought 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 ($19.13) per share, for a total transaction of £8,413.30 ($11,381.63). Corporate 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.