Rezolve AI Limited (NASDAQ:RZLV - Get Free Report)'s share price fell 17.4% during mid-day trading on Monday . The company traded as low as $2.57 and last traded at $2.65. 4,953,744 shares traded hands during trading, a decline of 50% from the average session volume of 9,943,332 shares. The stock had previously closed at $3.21.
Analysts Set New Price Targets
Several research analysts have recently commented on RZLV shares. Roth Mkm started coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a "buy" rating and a $4.00 price objective on the stock. Northland Capmk upgraded Rezolve AI to a "strong-buy" rating in a research report on Tuesday, December 17th. Cantor Fitzgerald began coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an "overweight" rating and a $5.00 price target for the company. Roth Capital raised Rezolve AI to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, Northland Securities initiated coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an "outperform" rating and a $5.00 target price for the company. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Rezolve AI presently has a consensus rating of "Buy" and an average target price of $5.50.
Get Our Latest Research Report on Rezolve AI
Rezolve AI Stock Performance
The business has a fifty day moving average price of $3.12.
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 stake in shares of 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 institutional investor 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 as of its most recent SEC filing. Institutional investors own 27.96% of the company's stock.
Rezolve AI Company Profile
(
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.
Further Reading
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