Rezolve AI (NASDAQ:RZLV) Stock Price Down 7.4% - Time to Sell?

Key Points

• Rezolve AI's stock price dropped 7.4% to $5.78, with a significant trading volume increase of 89% over its average daily volume.
• Several analysts have raised their price targets for Rezolve AI, with Northland Securities setting theirs at $7.00 and Maxim Group at $15.00, indicating positive sentiment about the company's potential.
• Institutional investors hold approximately 27.96% of Rezolve AI's stock, with several funds acquiring new positions during the second quarter.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares dropped 7.4% on Thursday . The company traded as low as $5.78 and last traded at $5.78. Approximately 19,446,092 shares changed hands during trading, an increase of 89% from the average daily volume of 10,283,836 shares. The stock had previously closed at $6.24.

Wall Street Analysts Forecast Growth

RZLV has been the subject of a number of recent analyst reports. Northland Securities lifted their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. Maxim Group raised their price objective on shares of Rezolve AI from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. HC Wainwright raised their price objective on shares of Rezolve AI from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Roth Capital raised their price objective on shares of Rezolve AI from $9.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Finally, Cantor Fitzgerald lifted their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an "overweight" rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.00.

Rezolve AI Trading Down 7.4%

The firm's 50-day moving average price is $4.75 and its two-hundred day moving average price is $3.02.

Institutional Trading of Rezolve AI

Several institutional investors and hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. acquired a new position in Rezolve AI in the 2nd quarter valued at $31,000. Bank of America Corp DE acquired a new position in shares of Rezolve AI during the 2nd quarter worth $159,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Rezolve AI during the 2nd quarter worth $153,000. The Manufacturers Life Insurance Company acquired a new position in shares of Rezolve AI during the 2nd quarter worth $96,000. Finally, Invesco Ltd. acquired a new position in shares of Rezolve AI during the 2nd quarter worth $147,000. Hedge funds and other institutional investors own 27.96% of the company's stock.

About Rezolve AI

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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