Rezolve AI (NASDAQ:RZLV) Trading Down 3.7% – What’s Next?

Rezolve AI Limited (NASDAQ:RZLV) dropped 3.7% during mid-day trading on Tuesday . The company traded as low as $2.28 and last traded at $2.31. Approximately 6,000,065 shares traded hands during trading, a decline of 40% from the average daily volume of 9,932,055 shares. The stock had previously closed at $2.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Northland Securities started coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price on the stock. D. Boral Capital restated a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a research report on Friday, December 20th. Cantor Fitzgerald began coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. Finally, Roth Mkm started coverage on Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price for the company. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Price Performance

The stock’s fifty day moving average price is $3.08.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent quarter. 27.96% of the stock is owned by institutional investors and hedge funds.

About Rezolve AI

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.