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

Rezolve AI Limited (NASDAQ:RZLV)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $4.32, but opened at $4.23. Rezolve AI shares last traded at $4.14, with a volume of 3,992,368 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Cantor Fitzgerald initiated 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. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm began coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. Finally, Northland Securities initiated coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price for the company. Four 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 has an average rating of “Buy” and an average price target of $5.50.

Rezolve AI Price Performance

The business’s 50 day simple moving average is $3.22.

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 position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent SEC filing. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

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.