Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price was down 10.8% during trading on Friday . The company traded as low as $5.94 and last traded at $5.95. Approximately 19,271,809 shares traded hands during trading, an increase of 117% from the average daily volume of 8,866,322 shares. The stock had previously closed at $6.67.
Analysts Set New Price Targets
Several research firms have recently issued reports on RZLV. Roth Capital reaffirmed a "buy" rating and issued a $9.00 price objective (up from $4.25) on shares of Rezolve AI in a research note on Monday, September 15th. Alliance Global Partners began coverage on Rezolve AI in a research note on Friday, August 1st. They issued a "buy" rating and a $8.50 price objective for the company. Finally, HC Wainwright raised their price objective on Rezolve AI from $4.00 to $9.00 and gave the company a "buy" rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $7.31.
View Our Latest Report on Rezolve AI
Rezolve AI Trading Down 10.8%
The stock has a 50-day simple moving average of $4.16 and a two-hundred day simple moving average of $2.73.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in RZLV. Schechter Investment Advisors LLC purchased a new position in Rezolve AI during the 1st quarter worth $107,000. Summit Trail Advisors LLC purchased a new position in Rezolve AI during the 1st quarter worth $40,000. SBI Securities Co. Ltd. grew its stake in Rezolve AI by 192.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock valued at $35,000 after purchasing an additional 19,010 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Rezolve AI during the 1st quarter valued at about $30,000. Finally, Two Sigma Investments LP purchased a new stake in Rezolve AI during the 4th quarter valued at about $110,000. 27.96% of the stock is currently 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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