Rezolve AI (NASDAQ:RZLV) Stock Price Down 17.4% – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV) dropped 17.4% during mid-day trading on Monday . The company traded as low as $2.57 and last traded at $2.65. Approximately 4,953,744 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 9,943,332 shares. The stock had previously closed at $3.21.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RZLV shares. Northland Securities started coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price objective on the stock. Roth Mkm began coverage on Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, D. Boral Capital reiterated a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Rezolve AI has an average rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Price Performance

The business’s fifty day moving average is $3.04.

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 position in shares of Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in 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 about 0.08% of Rezolve AI as of its most recent filing with the Securities and Exchange Commission. 27.96% of the stock is owned by institutional investors and hedge funds.

About Rezolve AI

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.