Wizz Air (LON:WIZZ) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Wizz Air Holdings Plc (LON:WIZZ) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,280.42 ($16.61) and traded as high as GBX 1,409 ($18.27). Wizz Air shares last traded at GBX 1,366 ($17.71), with a volume of 421,668 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 3,300 ($42.80) target price on shares of Wizz Air in a report on Thursday, July 4th.

Wizz Air Trading Up 0.1 %

The stock has a 50 day moving average of GBX 1,282.98 and a 200-day moving average of GBX 1,790.78. The company has a market capitalization of £1.41 billion, a P/E ratio of 548.59, a P/E/G ratio of 0.47 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.

Insider Buying and Selling at Wizz Air

In other news, insider Jozsef Varadi bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of GBX 1,409 ($18.27) per share, with a total value of £140,900 ($182,725.98). In related news, insider Anthony Radev acquired 6,150 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of GBX 1,350 ($17.51) per share, with a total value of £83,025 ($107,670.86). Also, insider Jozsef Varadi bought 10,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of GBX 1,409 ($18.27) per share, for a total transaction of £140,900 ($182,725.98). Insiders own 25.73% of the company’s stock.

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.