Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 11,241,617 shares changed hands during mid-day trading, an increase of 111% from the previous session's volume of 5,317,725 shares.The stock last traded at $2.80 and had previously closed at $2.78.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a research note on Wednesday, March 19th. HC Wainwright reaffirmed a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a research note on Friday, June 13th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Rezolve AI currently has an average rating of "Buy" and an average target price of $6.00.
Get Our Latest Stock Report on Rezolve AI
Rezolve AI Stock Down 7.1%
The stock's 50 day simple moving average is $2.13 and its two-hundred day simple moving average is $2.28.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of RZLV. Polar Asset Management Partners Inc. purchased a new position in Rezolve AI in the 4th quarter worth approximately $4,149,000. Jane Street Group LLC purchased a new position in Rezolve AI in the 4th quarter worth approximately $1,650,000. Blue Owl Capital Holdings LP purchased a new position in Rezolve AI in the 4th quarter worth approximately $670,000. Geode Capital Management LLC purchased a new position in Rezolve AI in the 4th quarter worth approximately $393,000. Finally, NewEdge Advisors LLC purchased a new position in Rezolve AI in the 4th quarter worth approximately $386,000. 27.96% of the stock is owned by hedge funds and other institutional investors.
About Rezolve AI
(
Get Free Report)
Rezolve AI Plc 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.
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