Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price fell 5.7% during trading on Friday . The company traded as low as $2.76 and last traded at $2.78. 14,754,311 shares changed hands during mid-day trading, an increase of 170% from the average session volume of 5,459,481 shares. The stock had previously closed at $2.95.
Analyst Upgrades and Downgrades
Several analysts recently commented on RZLV shares. Roth Mkm reiterated a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a research report on Wednesday, March 19th. HC Wainwright reaffirmed a "buy" rating and issued a $4.00 target price on shares of Rezolve AI in a report on Friday, June 13th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $6.00.
Check Out Our Latest Research Report on Rezolve AI
Rezolve AI Price Performance
The business's 50-day moving average is $2.13 and its two-hundred day moving average is $2.28.
Institutional Trading of Rezolve AI
Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Rezolve AI during the first quarter worth about $44,000. Wolverine Asset Management LLC boosted its holdings in Rezolve AI by 62.1% in the 1st quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock valued at $26,000 after purchasing an additional 8,219 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Rezolve AI by 192.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock worth $35,000 after purchasing an additional 19,010 shares during the period. Schechter Investment Advisors LLC purchased a new position in shares of Rezolve AI during the 1st quarter worth approximately $107,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Rezolve AI during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 27.96% of the company's stock.
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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