Rezolve AI (NASDAQ:RZLV) Shares Down 3.4% - Here's Why

Key Points

• Rezolve AI's stock price fell by 3.4% to $6.56, with a notable increase in trading volume, reaching 25,361,003 shares, up 150% from its average.
• Multiple analysts have upgraded their ratings on Rezolve AI, with target prices ranging from $7.00 to $12.50, indicating positive market sentiment.
• Institutional investment in Rezolve AI is growing, highlighted by Geode Capital Management increasing its stake by an impressive 1,100.7% in the second quarter.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) was down 3.4% during mid-day trading on Monday . The stock traded as low as $6.43 and last traded at $6.56. Approximately 25,361,003 shares changed hands during trading, an increase of 150% from the average daily volume of 10,146,396 shares. The stock had previously closed at $6.79.

Wall Street Analysts Forecast Growth

RZLV has been the subject of several research analyst reports. HC Wainwright lifted their target price on Rezolve AI from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday. Wall Street Zen raised Rezolve AI from a "sell" rating to a "hold" rating in a research note on Friday. Northland Securities increased their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an "outperform" rating in a research report on Thursday. Cantor Fitzgerald lifted their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Roth Capital boosted their price objective on shares of Rezolve AI from $9.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.00.

Rezolve AI Trading Down 3.5%

The firm's fifty day simple moving average is $4.56 and its 200-day simple moving average is $2.95.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in Rezolve AI by 1,100.7% during the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock worth $3,799,000 after purchasing an additional 1,132,569 shares during the period. Brown Wealth Management LLC acquired a new stake in shares of Rezolve AI during the 2nd quarter worth approximately $615,000. Rhumbline Advisers bought a new stake in shares of Rezolve AI in the 2nd quarter valued at $398,000. Schechter Investment Advisors LLC acquired a new position in shares of Rezolve AI during the 1st quarter valued at $107,000. Finally, Bank of America Corp DE bought a new position in Rezolve AI during the second quarter worth $159,000. 27.96% of the stock is owned by institutional investors.

About Rezolve AI

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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