Rezolve AI (NASDAQ:RZLV) Trading Down 2.2% – What’s Next?

Rezolve AI Limited (NASDAQ:RZLV) shares fell 2.2% during trading on Friday . The company traded as low as $2.90 and last traded at $2.91. 7,542,519 shares traded hands during trading, a decline of 12% from the average session volume of 8,583,777 shares. The stock had previously closed at $2.97.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price objective on the stock. Roth Mkm began coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price for the company. Northland Securities initiated coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target for the company. Finally, Roth Capital raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Trading Up 5.7 %

The stock has a 50 day moving average price of $2.93.

Institutional Trading of Rezolve AI

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in Rezolve AI during the fourth quarter valued at $38,000. Wolverine Asset Management LLC bought a new position in shares of Rezolve AI in the fourth quarter worth approximately $51,000. Finally, K2 Principal Fund L.P. purchased a new stake in shares of Rezolve AI during the third quarter valued at approximately $881,000. 27.96% of the stock is owned by institutional investors.

Rezolve AI Company Profile

Rezolve Ai Ltd. operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.