Rezolve AI (NASDAQ:RZLV) Trading Down 3.2% – Here’s Why

Rezolve AI Limited (NASDAQ:RZLV)’s stock price was down 3.2% on Friday . The stock traded as low as $2.82 and last traded at $2.92. Approximately 4,407,494 shares changed 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.

Analyst Upgrades and Downgrades

Several analysts have commented on RZLV shares. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. D. Boral Capital reissued a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a research note on Friday, December 20th. Roth Mkm initiated coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price on the stock. Northland Securities initiated coverage on Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target for the company. Finally, Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price objective on the stock. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Trading Down 3.8 %

The stock’s 50 day moving average price is $2.97.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position 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 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. 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.