Rezolve AI (NASDAQ:RZLV) Shares Gap Down – What’s Next?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $3.05, but opened at $2.90. Rezolve AI shares last traded at $3.03, with a volume of 2,506,554 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on RZLV. 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, December 20th. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Maxim Group assumed coverage on shares of Rezolve AI in a research note on Thursday, January 16th. They set a “buy” rating and a $10.00 price objective on the stock. Cantor Fitzgerald assumed 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 on the stock. Finally, Roth Mkm started coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price on the stock. Five investment 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.com, the stock presently has an average rating of “Buy” and an average target price of $6.40.

Rezolve AI Stock Performance

The firm has a 50 day simple moving average of $2.98.

Institutional Trading of Rezolve AI

Hedge funds and other institutional investors have recently modified their holdings of the company. Highbridge Capital Management LLC bought a new position in shares of Rezolve AI during the fourth quarter worth $286,000. WINTON GROUP Ltd bought a new position in shares of Rezolve AI during the fourth quarter worth $279,000. Periscope Capital Inc. bought a new position in shares of Rezolve AI during the fourth quarter worth $268,000. SBI Securities Co. Ltd. bought a new position in shares of Rezolve AI during the fourth quarter worth $38,000. Finally, Wolverine Asset Management LLC bought a new position in shares of Rezolve AI during the fourth quarter worth $51,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.