Rezolve AI (NASDAQ:RZLV) Stock Price Down 2.6% – Should You Sell?

Rezolve AI Limited (NASDAQ:RZLV)’s share price was down 2.6% during mid-day trading on Friday . The company traded as low as $2.62 and last traded at $2.96. Approximately 8,326,776 shares changed hands during mid-day trading, an increase of 148% from the average daily volume of 3,353,861 shares. The stock had previously closed at $3.04.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm began coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target for the company. D. Boral Capital reiterated a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday. Cantor Fitzgerald began coverage on Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price for the company. Finally, Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Rezolve AI currently has a consensus rating of “Buy” and an average target price of $5.50.

Rezolve AI Stock Down 1.3 %

The firm’s 50-day moving average is $3.74.

Hedge Funds 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 position in shares of Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent quarter. 27.96% of the stock is currently owned by institutional investors.

Rezolve AI Company Profile

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.