Wizz Air (LON:WIZZ) Stock Passes Above Fifty Day Moving Average of $1,778.57

Shares of Wizz Air Holdings Plc (LON:WIZZGet Rating) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,778.57 ($21.03) and traded as high as GBX 2,124 ($25.12). Wizz Air shares last traded at GBX 2,122 ($25.09), with a volume of 239,126 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group set a GBX 2,360 ($27.91) price objective on Wizz Air in a research report on Tuesday, November 8th. JPMorgan Chase & Co. lowered their price objective on Wizz Air from GBX 3,050 ($36.06) to GBX 2,800 ($33.11) and set an “overweight” rating for the company in a research report on Thursday, November 3rd. Berenberg Bank lowered their price objective on Wizz Air from GBX 3,300 ($39.02) to GBX 3,200 ($37.84) and set a “buy” rating for the company in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,950 ($23.06) price objective on shares of Wizz Air in a research report on Thursday, November 10th. Finally, Barclays decreased their target price on Wizz Air from GBX 3,500 ($41.39) to GBX 2,640 ($31.22) and set an “overweight” rating for the company in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Wizz Air has a consensus rating of “Hold” and an average price target of GBX 2,995.50 ($35.42).

Wizz Air Price Performance

The business has a 50 day moving average price of GBX 1,778.57 and a two-hundred day moving average price of GBX 2,113.04. The stock has a market cap of £2.19 billion and a PE ratio of -3.90. The company has a debt-to-equity ratio of 1,502.39, a quick ratio of 0.82 and a current ratio of 0.98.

Insider Transactions at Wizz Air

In other Wizz Air news, insider Charlotte Andsager bought 4,000 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were purchased at an average price of GBX 2,277 ($26.92) per share, for a total transaction of £91,080 ($107,697.77). In other news, insider Charlotte Pedersen acquired 185 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were acquired at an average price of GBX 2,307 ($27.28) per share, for a total transaction of £4,267.95 ($5,046.65). Also, insider Charlotte Andsager acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average price of GBX 2,277 ($26.92) per share, for a total transaction of £91,080 ($107,697.77).

About Wizz Air

(Get Rating)

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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