Rezolve AI (NASDAQ:RZLV) Shares Down 3.7% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RZLV. Northland Securities started coverage on Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Roth Mkm began 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. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, D. Boral Capital reissued a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Five investment 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.com, Rezolve AI currently has an average rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Stock Performance

The firm’s 50 day moving average is $3.00.

Institutional Investors 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 stake in shares of Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to its most recent filing with the SEC. 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 SEC. 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.