Rezolve AI (NASDAQ:RZLV) Trading Down 5.6% – What’s Next?

Rezolve AI PLC (NASDAQ:RZLV)’s share price was down 5.6% on Thursday . The stock traded as low as $2.58 and last traded at $2.6350. Approximately 3,135,798 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 10,978,188 shares. The stock had previously closed at $2.79.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RZLV. Wall Street Zen downgraded Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Rezolve AI in a report on Tuesday, December 2nd. Northland Securities increased their target price on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Maxim Group lifted their price target 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. Finally, Roth Capital lifted their target price on shares of Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Rezolve AI presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Rezolve AI Price Performance

The company’s 50 day simple moving average is $3.89 and its 200 day simple moving average is $3.65.

Institutional Trading of Rezolve AI

A number of large investors have recently made changes to their positions in RZLV. Vanguard Personalized Indexing Management LLC lifted its stake in Rezolve AI by 14.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,058 shares of the company’s stock worth $105,000 after acquiring an additional 2,661 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Rezolve AI by 32.1% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 12,254 shares of the company’s stock worth $61,000 after buying an additional 2,975 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Rezolve AI by 11.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 30,621 shares of the company’s stock worth $152,000 after buying an additional 3,242 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Rezolve AI by 58.4% during the 3rd quarter. Legal & General Group Plc now owns 16,036 shares of the company’s stock worth $80,000 after acquiring an additional 5,915 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Rezolve AI by 34.6% in the 3rd quarter. ProShare Advisors LLC now owns 25,080 shares of the company’s stock valued at $125,000 after acquiring an additional 6,444 shares during the last quarter. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

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.