Rezolve AI (NASDAQ:RZLV) Shares Down 7.6% – Time to Sell?

Rezolve AI Limited (NASDAQ:RZLV) shares were down 7.6% during mid-day trading on Friday . The stock traded as low as $4.24 and last traded at $4.27. Approximately 32,024,234 shares changed hands during trading, an increase of 621% from the average daily volume of 4,443,906 shares. The stock had previously closed at $4.62.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RZLV. Northland Securities began coverage on Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target on the stock. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. D. Boral Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research note on Friday, December 20th. Roth Mkm initiated coverage on Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price for the company. Finally, Cantor Fitzgerald assumed coverage on Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $5.50.

Rezolve AI Price Performance

The firm’s fifty day simple moving average is $3.38.

Institutional Trading of Rezolve AI

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