Rezolve AI (NASDAQ:RZLV) Trading Down 5.3% – Should You Sell?

Shares of Rezolve AI Limited (NASDAQ:RZLV) traded down 5.3% during trading on Monday . The stock traded as low as $4.03 and last traded at $4.09. 7,060,869 shares were traded during mid-day trading, a decline of 32% from the average session volume of 10,427,679 shares. The stock had previously closed at $4.32.

Analysts Set New Price Targets

Several analysts have commented on the stock. Roth Mkm initiated coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Northland Securities started coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, D. Boral Capital reiterated a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $5.50.

Rezolve AI Stock Performance

The business’s 50-day moving average price is $3.27.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. purchased a new position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Rezolve AI

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.