Rezolve AI (NASDAQ:RZLV) Trading Down 2.1% – Should You Sell?

Shares of Rezolve AI Limited (NASDAQ:RZLV) fell 2.1% during mid-day trading on Wednesday . The company traded as low as $2.82 and last traded at $2.99. 3,236,954 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 8,631,135 shares. The stock had previously closed at $3.05.

Analyst Ratings Changes

A number of research firms have recently issued reports on RZLV. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. D. Boral Capital restated a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Cantor Fitzgerald assumed coverage on Rezolve AI in a research report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. Northland Securities assumed coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, Maxim Group initiated coverage on Rezolve AI in a research note on Thursday, January 16th. They set a “buy” rating and a $10.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rezolve AI currently has an average rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Price Performance

The firm’s 50 day moving average price is $2.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. K2 Principal Fund L.P. purchased a new stake in Rezolve AI in the third quarter valued at approximately $881,000. WINTON GROUP Ltd purchased a new position in shares of Rezolve AI during the fourth quarter worth $279,000. Highbridge Capital Management LLC purchased a new position in shares of Rezolve AI during the fourth quarter worth $286,000. Periscope Capital Inc. purchased a new position in shares of Rezolve AI during the fourth quarter worth $268,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Rezolve AI during the fourth quarter worth $38,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.