Rezolve AI (NASDAQ:RZLV) Stock Price Down 5.3% – Here’s Why

Rezolve AI Limited (NASDAQ:RZLV) fell 5.3% during mid-day trading on Monday . The company traded as low as $4.03 and last traded at $4.09. 7,060,869 shares changed hands during trading, a decline of 32% from the average session volume of 10,427,679 shares. The stock had previously closed at $4.32.

Wall Street Analyst Weigh In

A number of research firms have commented on RZLV. Roth Mkm started coverage on Rezolve AI in a research report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price on the stock. Cantor Fitzgerald began coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price for the company. D. Boral Capital reissued a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a research note on Friday, December 20th. Northland Securities initiated coverage on Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $5.50.

Rezolve AI Stock Down 20.2 %

The company’s 50-day simple moving average is $3.18.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI as of its most recent SEC filing. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.