Rezolve AI (NASDAQ:RZLV) Stock Price Down 3.7% – Here’s Why

Rezolve AI Limited (NASDAQ:RZLV)’s share price was down 3.7% during mid-day trading on Tuesday . The company traded as low as $2.28 and last traded at $2.31. Approximately 6,000,065 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 9,932,055 shares. The stock had previously closed at $2.40.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. D. Boral Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Roth Capital raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Northland Securities initiated coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target for the company. Finally, Roth Mkm started coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price objective on the stock. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $5.50.

Rezolve AI Price Performance

The firm has a 50 day moving average price of $3.08.

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 (SEC). Institutional investors and hedge funds own 27.96% of the company’s stock.

About Rezolve AI

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.