Rezolve AI (NASDAQ:RZLV) Shares Gap Down – Should You Sell?

Rezolve AI PLC (NASDAQ:RZLV) shares gapped down prior to trading on Friday . The stock had previously closed at $2.97, but opened at $2.72. Rezolve AI shares last traded at $3.0150, with a volume of 5,864,558 shares trading hands.

Wall Street Analysts Forecast Growth

RZLV has been the subject of several research analyst reports. Maxim Group lifted their target price on shares of Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Roth Capital raised their price objective on shares of Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Wall Street Zen downgraded shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. HC Wainwright increased their target price on Rezolve AI from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Rezolve AI Stock Performance

The business has a 50 day moving average price of $5.32 and a two-hundred day moving average price of $3.56.

Institutional Investors Weigh In On Rezolve AI

A number of large investors have recently added to or reduced their stakes in RZLV. Schechter Investment Advisors LLC bought a new stake in shares of Rezolve AI in the first quarter worth about $107,000. SBI Securities Co. Ltd. raised its holdings in Rezolve AI by 192.5% in the first quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company’s stock worth $35,000 after purchasing an additional 19,010 shares in the last quarter. Wolverine Asset Management LLC lifted its position in Rezolve AI by 62.1% during the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock valued at $26,000 after buying an additional 8,219 shares during the period. Virtu Financial LLC purchased a new position in Rezolve AI during the first quarter valued at $44,000. Finally, Retireful LLC bought a new stake in shares of Rezolve AI during the 2nd quarter valued at $75,000. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI Plc 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.