Wizz Air (LON:WIZZ) Share Price Crosses Above 50 Day Moving Average of $2,150.76

Wizz Air Holdings Plc (LON:WIZZ) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 2,150.76 ($27.22) and traded as high as GBX 2,342 ($29.64). Wizz Air shares last traded at GBX 2,310 ($29.24), with a volume of 230,456 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on shares of Wizz Air from GBX 2,150 ($27.21) to GBX 2,250 ($28.48) and gave the company a “neutral” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wizz Air presently has an average rating of “Hold” and a consensus target price of GBX 2,740 ($34.68).

Wizz Air Stock Performance

The company’s 50-day moving average is GBX 2,150.76 and its two-hundred day moving average is GBX 1,994.73. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 2,493.26. The firm has a market cap of £2.43 billion, a P/E ratio of -527.40, a PEG ratio of -0.30 and a beta of 2.35.

Wizz Air Company Profile

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.