Rezolve AI (NASDAQ:RZLV) Stock Price Down 3.6% - Time to Sell?

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.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on RZLV shares. Alliance Global Partners started coverage on Rezolve AI in a research note on Friday. They set a "buy" rating and a $8.50 price objective for the company. HC Wainwright restated a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a research report on Friday, June 13th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $6.36.

Rezolve AI Trading Down 2.9%

The company's 50 day moving average price is $2.46 and its 200-day moving average price is $2.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RZLV. Geode Capital Management LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at approximately $393,000. RPO LLC bought a new stake in Rezolve AI in the 4th quarter valued at $108,000. XTX Topco Ltd bought a new position in shares of Rezolve AI during the 4th quarter worth about $366,000. NewEdge Advisors LLC bought a new position in Rezolve AI during the 4th quarter valued at about $386,000. Finally, Blue Owl Capital Holdings LP acquired a new stake in Rezolve AI in the 4th quarter valued at about $670,000. 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.

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