Rezolve AI (NASDAQ:RZLV) Trading Down 3.2% – Should You Sell?

Rezolve AI Limited (NASDAQ:RZLV) dropped 3.2% during trading on Friday . The company traded as low as $2.82 and last traded at $2.92. Approximately 4,407,494 shares traded 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.

Analyst Ratings Changes

RZLV has been the subject of several research analyst reports. 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, December 20th. Northland Securities began coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target on the stock. Cantor Fitzgerald initiated coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price for the company. Maxim Group assumed coverage on shares of Rezolve AI in a research note on Thursday. They set a “buy” rating and a $10.00 price target on the stock. Finally, Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Rezolve AI currently has an average rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Trading Down 5.6 %

The business’s 50 day simple moving average is $2.94.

Institutional Investors Weigh In On 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) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.