Rezolve AI (NASDAQ:RZLV) Shares Down 2.6% - What's Next?

Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) shares traded down 2.6% during trading on Friday . The stock traded as low as $2.62 and last traded at $2.96. 8,326,776 shares were traded during mid-day trading, an increase of 148% from the average session volume of 3,353,861 shares. The stock had previously closed at $3.04.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Rezolve AI to a "strong-buy" rating in a report on Tuesday. Northland Securities assumed coverage on Rezolve AI in a report on Wednesday. They set an "outperform" rating and a $5.00 price objective on the stock. Cantor Fitzgerald started coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They set an "overweight" rating and a $5.00 price target on the stock. Roth Capital upgraded Rezolve AI to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, D. Boral Capital reaffirmed a "buy" rating and set a $8.00 price target on shares of Rezolve AI in a research report on Friday. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $5.50.

Rezolve AI Trading Down 2.6 %

The stock's 50 day moving average price is $3.66.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in Rezolve AI Limited (NASDAQ:RZLV - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 quarter. Hedge funds and other institutional investors own 27.96% of the company's stock.

Rezolve AI Company Profile

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.