Rezolve AI (NASDAQ:RZLV) Shares Gap Down - What's Next?

Key Points

• Rezolve AI's stock price gapped down from $6.79 to $6.55 before opening on Friday, with a last trade at $6.81 and a traded volume of 9,704,844 shares.
• Analysts have mixed opinions; while HC Wainwright set a target price of $4.00 with a "buy" rating, Alliance Global Partners set a higher target of $8.50, contributing to a consensus target price of $6.36.
• Institutional investors currently hold approximately 27.96% of Rezolve AI shares, with several firms acquiring new positions valued between $29,000 and $57,000 during the second quarter.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $6.79, but opened at $6.55. Rezolve AI shares last traded at $6.81, with a volume of 9,704,844 shares.

Analyst Ratings Changes

Several brokerages have commented on RZLV. HC Wainwright raised their target price on Rezolve AI from $4.00 to $9.00 and gave the stock a "buy" rating in a research note on Monday. Roth Capital restated a "buy" rating and issued a $9.00 target price (up previously from $4.25) on shares of Rezolve AI in a research note on Monday. Finally, 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 target price for the company. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat, Rezolve AI presently has a consensus rating of "Buy" and a consensus target price of $7.31.

Rezolve AI Trading Down 4.8%

The stock has a 50-day moving average price of $3.47 and a 200-day moving average price of $2.44.

Institutional Trading of Rezolve AI

A number of hedge funds have recently bought and sold shares of RZLV. Geode Capital Management LLC lifted its position in Rezolve AI by 1,100.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock worth $3,799,000 after buying an additional 1,132,569 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in Rezolve AI in the 4th quarter worth approximately $4,149,000. Jane Street Group LLC bought a new stake in Rezolve AI in the 4th quarter worth approximately $1,650,000. Brown Wealth Management LLC bought a new stake in Rezolve AI in the 2nd quarter worth approximately $615,000. Finally, Rhumbline Advisers bought a new stake in Rezolve AI in the 2nd quarter worth approximately $398,000. Institutional investors own 27.96% of the company's stock.

Rezolve AI Company Profile

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.