Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) dropped 3.7% during trading on Tuesday . The stock traded as low as $2.28 and last traded at $2.31. Approximately 6,000,065 shares changed hands during trading, a decline of 40% from the average daily volume of 9,932,055 shares. The stock had previously closed at $2.40.
Analyst Upgrades and Downgrades
RZLV has been the subject of several research reports. Roth Mkm began coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They set a "buy" rating and a $4.00 price objective for the company. Cantor Fitzgerald started coverage on Rezolve AI in a report on Thursday, December 5th. They set an "overweight" rating and a $5.00 price target for the company. Northland Securities initiated coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an "outperform" rating and a $5.00 price objective on the stock. D. Boral Capital reissued a "buy" rating and set a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th. Finally, Northland Capmk upgraded shares of Rezolve AI to a "strong-buy" rating in a research note on Tuesday, December 17th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $5.50.
View Our Latest Report on RZLV
Rezolve AI Stock Down 3.7 %
The company's 50 day moving average price is $3.08.
Institutional Investors Weigh In On Rezolve AI
A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in Rezolve AI Limited (NASDAQ:RZLV - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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. 27.96% of the stock is owned by institutional investors and hedge funds.
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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