Wizz Air (LON:WIZZ) Shares Surge 17.8% - What You Need to Know

Wizz Air Holdings Plc (LON:WIZZ) experienced a notable surge in its share price, rising by 17.8% on Thursday. The stock reached a peak of GBX 1,500 (approximately $18.65) during trading, before settling at GBX 1,497 ($18.62). During this trading session, over 2 million shares were exchanged, which is a significant increase of 67% compared to the average daily volume of 1,198,524 shares. Prior to this rise, the stock had closed at GBX 1,271 ($15.81).

Wizz Air Stock Performance

As of now, Wizz Air's 50-day simple moving average stands at GBX 1,375.27, while its 200-day simple moving average is GBX 1,395.01. The airline holds a debt-to-equity ratio of 4,303.16, with a quick ratio of 0.82 and a current ratio of 0.89. Its market capitalization is approximately £1.60 billion. Investors may note that Wizz Air has a PE ratio of 620.48, a PEG ratio of 0.47, and a beta of 2.28, indicating its volatile nature in the market.

About Wizz Air

Wizz Air is recognized as one of the most sustainable airlines in Europe and operates a vast fleet comprising over 200 Airbus A320 and A321 aircraft. The airline has earned the loyalty of around 62 million passengers in the financial year ending March 31, 2024, thanks to its commitment to exceptional service and competitive pricing.

Should You Consider Investing?

Before making any decisions regarding investing in Wizz Air, it's crucial to gather information. Current analysis shows that Wizz Air holds a "Moderate Buy" rating among various financial analysts. However, it is worth noting that some top-rated analysts have identified five other stocks as better investment opportunities at this time.

If you're interested in evaluating your options further, you might want to explore these top analyst recommendations and consider diversifying your investment portfolio.

Wizz, Airlines, Investing