Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s stock price rose 6.9% during trading on Monday . The company traded as high as $3.23 and last traded at $3.02. Approximately 8,825,717 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 5,716,433 shares. The stock had previously closed at $2.82.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $6.00.
Check Out Our Latest Analysis on RZLV
Rezolve AI Price Performance
The firm's 50 day moving average price is $2.34 and its two-hundred day moving average price is $2.20.
Hedge Funds Weigh In On Rezolve AI
Institutional investors and hedge funds have recently bought and sold shares of the company. Retireful LLC bought a new stake in shares of Rezolve AI in the 2nd quarter worth approximately $75,000. Virtu Financial LLC acquired a new stake in shares of Rezolve AI in the first quarter valued at about $44,000. Wolverine Asset Management LLC raised its position in shares of Rezolve AI by 62.1% in the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock valued at $26,000 after buying an additional 8,219 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Rezolve AI by 192.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock valued at $35,000 after acquiring an additional 19,010 shares during the period. Finally, Schechter Investment Advisors LLC acquired a new position in shares of Rezolve AI during the first quarter valued at about $107,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.
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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