Rezolve AI (NASDAQ:RZLV) Trading Down 5.3% – Should You Sell?

Rezolve AI Limited (NASDAQ:RZLV) shares traded down 5.3% on Monday . The stock traded as low as $4.03 and last traded at $4.09. 7,060,869 shares were traded during trading, a decline of 32% from the average session volume of 10,427,679 shares. The stock had previously closed at $4.32.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. D. Boral Capital reissued a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a research report on Friday, December 20th. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. 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. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target on the stock. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Performance

The firm’s 50 day simple moving average is $3.27.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new position in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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. 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.