Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) shares were down 3.2% during trading on Friday . The stock traded as low as $2.82 and last traded at $2.92. Approximately 4,407,494 shares changed hands during trading, a decline of 57% from the average daily volume of 10,176,076 shares. The stock had previously closed at $3.01.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on RZLV. 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 target price for the company. D. Boral Capital restated a "buy" rating and issued a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Roth Mkm assumed coverage on Rezolve AI in a report on Tuesday, December 10th. They set a "buy" rating and a $4.00 target price on the stock. Northland Capmk upgraded Rezolve AI to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, Roth Capital raised Rezolve AI to a "strong-buy" rating in a research report on Tuesday, December 10th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Rezolve AI presently has a consensus rating of "Buy" and an average target price of $6.40.
Check Out Our Latest Research Report on Rezolve AI
Rezolve AI Stock Down 5.6 %
The stock has a fifty day moving average price of $2.94.
Institutional Inflows and Outflows
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 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 reporting period. 27.96% of the stock is currently owned by institutional investors and hedge funds.
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.
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