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Rezolve AI (NASDAQ:RZLV) Shares Down 3.6% - Should You Sell?

Rezolve AI logo with Business Services background

Key Points

  • Rezolve AI's stock price experienced a decline of 3.6%, dropping to $2.83 with a notable decrease in trading volume compared to its average.
  • Analysts have mixed views on the stock, with a consensus buy rating and price targets ranging from $4.00 to $8.50.
  • Institutional investors hold approximately 27.96% of Rezolve AI's stock, indicating significant interest in the company from larger fund managers.
  • Need better tools to track Rezolve AI? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares dropped 3.6% during trading on Friday . The company traded as low as $2.76 and last traded at $2.83. Approximately 3,157,424 shares were traded during trading, a decline of 53% from the average daily volume of 6,723,805 shares. The stock had previously closed at $2.93.

Analyst Ratings Changes

RZLV has been the subject of a number of recent research reports. Alliance Global Partners initiated coverage on Rezolve AI in a report on Friday. They set a "buy" rating and a $8.50 price objective for the company. HC Wainwright reissued a "buy" rating and set a $4.00 price objective on shares of Rezolve AI in a report on Friday, June 13th. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Rezolve AI has a consensus rating of "Buy" and a consensus price target of $6.36.

Check Out Our Latest Stock Report on RZLV

Rezolve AI Stock Up 5.7%

The firm has a fifty day moving average price of $2.48 and a 200-day moving average price of $2.18.

Hedge Funds Weigh In On Rezolve AI

Several institutional investors have recently modified their holdings of RZLV. Polar Asset Management Partners Inc. purchased a new position in Rezolve AI in the fourth quarter valued at approximately $4,149,000. Jane Street Group LLC purchased a new position in Rezolve AI in the fourth quarter valued at approximately $1,650,000. Blue Owl Capital Holdings LP purchased a new position in Rezolve AI in the fourth quarter valued at approximately $670,000. Geode Capital Management LLC purchased a new position in Rezolve AI in the fourth quarter valued at approximately $393,000. Finally, NewEdge Advisors LLC purchased a new position in Rezolve AI in the fourth quarter valued at approximately $386,000. 27.96% of the stock is owned by institutional investors.

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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