Rezolve AI (NASDAQ:RZLV) Shares Gap Down – What’s Next?

Rezolve AI Limited (NASDAQ:RZLV)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.32, but opened at $4.23. Rezolve AI shares last traded at $4.14, with a volume of 3,992,368 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RZLV. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm started coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target for the company. Cantor Fitzgerald started coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They set an “overweight” rating and a $5.00 price objective on the stock. Northland Securities began coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price for the company. Finally, Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Rezolve AI presently has a consensus rating of “Buy” and an average target price of $5.50.

Rezolve AI Stock Down 20.2 %

The stock has a 50 day moving average price of $3.22.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI at the end of the most recent quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.