Rezolve AI (NASDAQ:RZLV) Stock Price Down 2.6% – Time to Sell?

Rezolve AI Limited (NASDAQ:RZLV)’s share price was down 2.6% during trading on Friday . The company traded as low as $2.62 and last traded at $2.96. Approximately 8,326,776 shares traded hands during trading, an increase of 148% from the average daily volume of 3,353,861 shares. The stock had previously closed at $3.04.

Analyst Ratings Changes

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

Rezolve AI Trading Down 1.3 %

The stock’s 50-day simple moving average is $3.74.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.