Rezolve AI (NASDAQ:RZLV) Trading Down 2.6% – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV)’s share price traded down 2.6% during trading on Friday . The stock traded as low as $2.62 and last traded at $2.96. 8,326,776 shares changed hands during mid-day trading, an increase of 148% from the average session volume of 3,353,861 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

RZLV has been the subject of several recent research reports. Roth Mkm began coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price for the company. D. Boral Capital reissued a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a research note on Friday. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Northland Securities assumed coverage on Rezolve AI in a report on Wednesday. They set an “outperform” rating and a $5.00 target price on the stock. Finally, Cantor Fitzgerald started coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target for the company. Four investment 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 presently has a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Trading Down 2.6 %

The stock has a 50 day moving average of $3.58.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 at the end of the most recent quarter. 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.