Rezolve AI (NASDAQ:RZLV) Stock Price Down 3.7% – What’s Next?

Shares of Rezolve AI Limited (NASDAQ:RZLV) traded down 3.7% during trading on Tuesday . The company traded as low as $2.28 and last traded at $2.31. 6,000,065 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 9,932,055 shares. The stock had previously closed at $2.40.

Analyst Upgrades and Downgrades

RZLV has been the subject of several recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They set an “overweight” rating and a $5.00 price objective for the company. Northland Securities began coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target on the stock. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Maxim Group assumed coverage on Rezolve AI in a research report on Thursday. They set a “buy” rating and a $10.00 target price for the company. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Trading Up 24.9 %

The company has a fifty day simple moving average of $3.00.

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) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent quarter. Institutional investors own 27.96% of the company’s stock.

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.