Rezolve AI (NASDAQ:RZLV) Stock Price Down 5.3% – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Roth Capital raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a research note on Friday, December 20th. Northland Securities assumed coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price for the company. Finally, Cantor Fitzgerald started coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective for the company. Four equities research 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.com, the company presently has an average rating of “Buy” and an average price target of $5.50.

Rezolve AI Trading Down 20.2 %

The business’s 50 day simple moving average is $3.18.

Institutional Inflows and Outflows

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 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period. 27.96% of the stock is owned by institutional investors.

About Rezolve AI

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.