Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) was down 5.2% during mid-day trading on Tuesday . The company traded as low as $3.03 and last traded at $3.18. Approximately 3,094,698 shares were traded during trading, a decline of 65% from the average daily volume of 8,729,949 shares. The stock had previously closed at $3.35.
Analysts Set New Price Targets
A number of analysts have recently issued reports on RZLV shares. Northland Capmk raised shares of Rezolve AI to a "strong-buy" rating in a report on Tuesday, December 17th. Maxim Group assumed coverage on shares of Rezolve AI in a report on Thursday, January 16th. They set a "buy" rating and a $10.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an "overweight" rating and a $5.00 price objective on the stock. Northland Securities assumed coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an "outperform" rating and a $5.00 price objective on the stock. Finally, Roth Mkm assumed coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They issued a "buy" rating and a $4.00 price objective on the stock. Five investment 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.com, Rezolve AI presently has a consensus rating of "Buy" and an average price target of $6.40.
Check Out Our Latest Analysis on Rezolve AI
Rezolve AI Stock Performance
The business's fifty day moving average is $3.03.
Hedge Funds Weigh In On Rezolve AI
Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Rezolve AI during the fourth quarter valued at approximately $38,000. Wolverine Asset Management LLC bought a new stake in shares of Rezolve AI during the fourth quarter valued at approximately $51,000. RPO LLC bought a new stake in shares of Rezolve AI during the fourth quarter valued at approximately $108,000. Boothbay Fund Management LLC bought a new stake in shares of Rezolve AI during the fourth quarter valued at approximately $154,000. Finally, Periscope Capital Inc. bought a new stake in shares of Rezolve AI during the fourth quarter valued at approximately $268,000. Hedge funds and other institutional investors own 27.96% of the company's stock.
About Rezolve AI
(
Get Free Report)
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.
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