Rezolve AI (NASDAQ:RZLV) Shares Gap Down – What’s Next?

Rezolve AI Limited (NASDAQ:RZLV) shares gapped down prior to trading on Thursday . The stock had previously closed at $3.75, but opened at $3.61. Rezolve AI shares last traded at $3.52, with a volume of 4,309,250 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price for the company. Northland Securities started coverage on shares of Rezolve AI in a research note on Wednesday. They issued an “outperform” rating and a $5.00 target price for the company. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday. Finally, Roth Mkm started coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective for the company. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $5.50.

Rezolve AI Stock Down 2.6 %

The business’s fifty day moving average price is $3.66.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI at the end of the most recent reporting period. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.