Rezolve AI (NASDAQ:RZLV) Shares Gap Down – Time to Sell?

Rezolve AI Limited (NASDAQ:RZLV) shares gapped down prior to trading on Thursday . The stock had previously closed at $3.16, but opened at $3.00. Rezolve AI shares last traded at $3.01, with a volume of 2,609,331 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Roth Mkm assumed coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price on the stock. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Northland Securities began coverage on Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price for the company. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, D. Boral Capital restated a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Stock Performance

The business has a 50 day simple moving average of $2.86.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter. 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.