Rezolve AI (NASDAQ:RZLV) Stock Price Down 3.2% – What’s Next?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price dropped 3.2% during mid-day trading on Friday . The company traded as low as $2.82 and last traded at $2.92. Approximately 4,407,494 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 10,176,076 shares. The stock had previously closed at $3.01.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RZLV shares. Roth Mkm started coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target on the stock. Maxim Group assumed coverage on Rezolve AI in a research report on Thursday. They issued a “buy” rating and a $10.00 target price on the stock. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. D. Boral Capital restated a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a research note on Friday, December 20th. Finally, Roth Capital upgraded 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 company’s stock. Based on data from MarketBeat, Rezolve AI has a consensus rating of “Buy” and an average target price of $6.40.

Rezolve AI Stock Performance

The company’s 50 day simple moving average is $2.94.

Hedge Funds 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) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.