Rezolve AI (NASDAQ:RZLV) Shares Down 5.2% – Should You Sell?

Rezolve AI Limited (NASDAQ:RZLV) shares fell 5.2% during trading on Tuesday . The stock traded as low as $3.03 and last traded at $3.18. 3,094,698 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 8,729,949 shares. The stock had previously closed at $3.35.

Analysts Set New Price Targets

A number of research analysts have weighed in on RZLV shares. Northland Securities started coverage on Rezolve AI in a report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price 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 for the company. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Finally, Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $6.40.

Rezolve AI Trading Down 9.6 %

The stock’s 50-day moving average price is $2.96.

Institutional Investors Weigh In On Rezolve AI

A number of institutional investors have recently made changes to their positions in RZLV. K2 Principal Fund L.P. purchased a new stake in Rezolve AI during the 3rd quarter valued at $881,000. Periscope Capital Inc. bought a new position in shares of Rezolve AI during the fourth quarter valued at $268,000. SBI Securities Co. Ltd. purchased a new stake in shares of Rezolve AI during the fourth quarter valued at $38,000. Finally, Wolverine Asset Management LLC bought a new stake in Rezolve AI in the 4th quarter worth about $51,000. Hedge funds and other 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.