Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) shares traded down 2.2% during mid-day trading on Friday . The company traded as low as $2.90 and last traded at $2.91. 7,542,519 shares were traded during trading, a decline of 12% from the average session volume of 8,583,777 shares. The stock had previously closed at $2.97.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Maxim Group assumed coverage on shares of Rezolve AI in a research report on Thursday, January 16th. They set a "buy" rating and a $10.00 target price for the company. Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They issued an "overweight" rating and a $5.00 price objective for the company. Northland Securities assumed coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They issued an "outperform" rating and a $5.00 price objective for the company. Northland Capmk raised shares of Rezolve AI to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, Roth Capital upgraded Rezolve AI to a "strong-buy" rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $6.40.
View Our Latest Stock Analysis on Rezolve AI
Rezolve AI Stock Up 6.7 %
The business's 50 day simple moving average is $2.96.
Institutional Investors Weigh In On Rezolve AI
A number of hedge funds have recently added to or reduced their stakes in RZLV. SBI Securities Co. Ltd. bought a new stake in shares of Rezolve AI during the fourth quarter valued at about $38,000. Wolverine Asset Management LLC bought a new stake in shares of Rezolve AI during the fourth quarter valued at about $51,000. Periscope Capital Inc. bought a new stake in shares of Rezolve AI during the fourth quarter valued at about $268,000. Finally, K2 Principal Fund L.P. bought a new stake in shares of Rezolve AI during the third quarter valued at about $881,000. 27.96% of the stock is currently owned by 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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