Rezolve AI (NASDAQ:RZLV) Shares Down 5.2% – Time to Sell?

Rezolve AI Limited (NASDAQ:RZLV) was down 5.2% during trading on Tuesday . The stock traded as low as $3.03 and last traded at $3.18. Approximately 3,094,698 shares traded hands during trading, a decline of 65% from the average daily volume of 8,729,949 shares. The stock had previously closed at $3.35.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RZLV. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Maxim Group initiated coverage on shares of Rezolve AI in a research note on Thursday, January 16th. They set a “buy” rating and a $10.00 price target on the stock. Northland Securities started coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price on the stock. Roth Mkm began coverage on Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target for the company. Finally, Roth Capital raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Stock Down 9.6 %

The stock has a 50 day simple moving average of $2.96.

Institutional Trading of Rezolve AI

Institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in Rezolve AI in the 4th quarter worth approximately $38,000. Wolverine Asset Management LLC purchased a new position in shares of Rezolve AI in the fourth quarter worth $51,000. Periscope Capital Inc. bought a new position in shares of Rezolve AI during the fourth quarter worth $268,000. Finally, K2 Principal Fund L.P. purchased a new position in Rezolve AI during the third quarter valued at $881,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

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.