Wizz Air (LON:WIZZ) Reaches New 12-Month Low at $1,216.56

Wizz Air Holdings Plc (LON:WIZZ)’s share price hit a new 52-week low on Wednesday . The company traded as low as GBX 1,216.56 ($16.00) and last traded at GBX 1,217.47 ($16.01), with a volume of 576402 shares traded. The stock had previously closed at GBX 1,251 ($16.45).

Analyst Upgrades and Downgrades

WIZZ has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Wizz Air from GBX 2,250 ($29.59) to GBX 2,150 ($28.27) and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Royal Bank of Canada restated an “outperform” rating and set a GBX 3,300 ($43.39) price objective on shares of Wizz Air in a research report on Thursday, July 4th.

Wizz Air Stock Performance

The firm has a market capitalization of £1.26 billion, a price-to-earnings ratio of 502.41, a PEG ratio of -0.30 and a beta of 2.28. 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 stock’s 50-day moving average is GBX 1,735.08 and its 200-day moving average is GBX 2,039.05.

Insiders Place Their Bets

In other news, insider Jozsef Varadi purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of GBX 1,409 ($18.53) per share, for a total transaction of £140,900 ($185,272.85). Insiders own 25.75% of the company’s stock.

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.