Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares fell 8.1% during mid-day trading on Thursday . The company traded as low as $3.12 and last traded at $3.12. 6,600,248 shares were traded during mid-day trading, a decline of 1% from the average session volume of 6,663,291 shares. The stock had previously closed at $3.39.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a "buy" rating and issued a $4.00 target price on shares of Rezolve AI in a report on Friday, June 13th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $6.00.
Check Out Our Latest Stock Report on RZLV
Rezolve AI Price Performance
The stock has a fifty day moving average price of $2.41 and a two-hundred day moving average price of $2.17.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC lifted its stake in shares of Rezolve AI by 62.1% in the 1st quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock worth $26,000 after acquiring an additional 8,219 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Rezolve AI in the first quarter worth about $30,000. SBI Securities Co. Ltd. increased its position in Rezolve AI by 192.5% during the first quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock worth $35,000 after acquiring an additional 19,010 shares during the period. Summit Trail Advisors LLC bought a new position in Rezolve AI during the first quarter worth $40,000. Finally, Virtu Financial LLC bought a new stake in shares of Rezolve AI during the first quarter valued at approximately $44,000. 27.96% of the stock is owned by institutional investors and hedge funds.
Rezolve AI Company Profile
(
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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