Wizz Air (LON:WIZZ) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Wizz Air Holdings Plc (LON:WIZZ) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,296.57 ($16.93) and traded as low as GBX 1,196 ($15.62). Wizz Air shares last traded at GBX 1,238 ($16.17), with a volume of 302,922 shares.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 3,300 ($43.09) target price on shares of Wizz Air in a research report on Thursday, July 4th.

Wizz Air Price Performance

The stock’s 50-day moving average is GBX 1,296.57 and its 200-day moving average is GBX 1,866.39. The firm has a market cap of £1.33 billion, a P/E ratio of 497.19, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 4,303.16.

Insider Buying and Selling

In other Wizz Air news, insider Anthony Radev purchased 6,150 shares of the stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of GBX 1,350 ($17.63) per share, with a total value of £83,025 ($108,416.04). In other Wizz Air news, insider Anthony Radev purchased 6,150 shares of the stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of GBX 1,350 ($17.63) per share, with a total value of £83,025 ($108,416.04). Also, insider Jozsef Varadi purchased 10,000 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of GBX 1,409 ($18.40) per share, for a total transaction of £140,900 ($183,990.60). 25.73% of the stock is currently owned by insiders.

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.