Rezolve AI Limited (NASDAQ:RZLV - Get Free Report)'s share price traded down 5.6% on Monday . The stock traded as low as $2.79 and last traded at $2.84. 6,904,261 shares changed hands during trading, a decline of 63% from the average session volume of 18,615,084 shares. The stock had previously closed at $3.01.
Wall Street Analyst Weigh In
Several research firms have recently commented on RZLV. 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 for the company. Northland Capmk upgraded Rezolve AI to a "strong-buy" rating in a research report on Tuesday, December 17th. Maxim Group assumed coverage on Rezolve AI in a research report on Thursday. They set a "buy" rating and a $10.00 price objective on the stock. Cantor Fitzgerald started coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an "overweight" rating and a $5.00 target price for the company. Finally, Roth Capital raised shares of Rezolve AI to a "strong-buy" rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Rezolve AI currently has an average rating of "Buy" and an average target price of $6.40.
Check Out Our Latest Research Report on RZLV
Rezolve AI Stock Performance
The firm has a 50-day simple moving average of $2.91.
Institutional Investors Weigh In On Rezolve AI
An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 27.96% of the company's stock.
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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