Rezolve AI (NASDAQ:RZLV) Shares Gap Down – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV) gapped down before the market opened on Thursday . The stock had previously closed at $3.75, but opened at $3.61. Rezolve AI shares last traded at $3.52, with a volume of 4,309,250 shares changing hands.

Wall Street Analyst Weigh In

RZLV has been the topic of a number of research reports. Cantor Fitzgerald began coverage on Rezolve AI in a research note on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target on the stock. Northland Securities assumed coverage on Rezolve AI in a research report on Wednesday. They set an “outperform” rating and a $5.00 target price on the stock. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Roth Mkm started coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target for the company. Finally, Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.50.

Rezolve AI Stock Performance

The stock has a fifty day simple moving average of $3.66.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 27.96% of the company’s stock.

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.