Rezolve AI (NASDAQ:RZLV) Stock Price Down 5.6% – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV) traded down 5.6% during trading on Monday . The stock traded as low as $2.79 and last traded at $2.84. 6,904,261 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 18,615,084 shares. The stock had previously closed at $3.01.

Analysts Set New Price Targets

RZLV has been the topic of several research reports. Maxim Group initiated coverage on Rezolve AI in a research note on Thursday, January 16th. They set a “buy” rating and a $10.00 price target on the stock. Roth Mkm started coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price on the stock. Northland Securities assumed coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target for the company. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $6.40.

Rezolve AI Stock Performance

The stock’s fifty day moving average is $2.88.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 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.

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.