Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $3.05, but opened at $2.90. Rezolve AI shares last traded at $3.03, with a volume of 2,506,554 shares trading hands.
Wall Street Analyst Weigh In
RZLV has been the subject of several analyst reports. 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 for the company. Northland Securities assumed 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. Maxim Group began coverage on Rezolve AI in a report on Thursday, January 16th. They set a "buy" rating and a $10.00 price objective on the stock. Roth Capital raised Rezolve AI to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, D. Boral Capital reissued a "buy" rating and issued a $8.00 price target on shares of Rezolve AI in a 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 company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $6.40.
Check Out Our Latest Stock Report on RZLV
Rezolve AI Trading Up 0.3 %
The company has a fifty day simple moving average of $3.03.
Hedge Funds Weigh In On Rezolve AI
Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in Rezolve AI during the fourth quarter valued at approximately $1,650,000. Blue Owl Capital Holdings LP purchased a new stake in shares of Rezolve AI in the 4th quarter valued at $670,000. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI during the 3rd quarter valued at $881,000. Geode Capital Management LLC purchased a new position in Rezolve AI in the 4th quarter worth $393,000. Finally, NewEdge Advisors LLC bought a new stake in Rezolve AI in the fourth quarter worth $386,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.
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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