Rezolve AI (NASDAQ:RZLV) Trading Down 5.6% – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV) dropped 5.6% on Monday . The stock traded as low as $2.79 and last traded at $2.84. Approximately 6,904,261 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 18,615,084 shares. The stock had previously closed at $3.01.

Analysts Set New Price Targets

A number of analysts have commented on the company. Maxim Group assumed coverage on Rezolve AI in a report on Thursday. They set a “buy” rating and a $10.00 price objective for the company. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Roth Mkm started coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. Finally, Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Price Performance

The company’s 50-day simple moving average is $2.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing. Institutional investors own 27.96% of the company’s stock.

About Rezolve AI

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.