Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s stock price rose 8.2% during trading on Wednesday . The stock traded as high as $3.60 and last traded at $3.24. Approximately 17,344,880 shares changed hands during mid-day trading, an increase of 197% from the average daily volume of 5,832,233 shares. The stock had previously closed at $2.99.
Analyst Upgrades and Downgrades
Separately, 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. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Rezolve AI has a consensus rating of "Buy" and an average target price of $6.00.
Get Our Latest Analysis on Rezolve AI
Rezolve AI Price Performance
The company's 50 day simple moving average is $2.40 and its two-hundred day simple moving average is $2.19.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC increased its stake in Rezolve AI by 62.1% in the 1st 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 during the period. FNY Investment Advisers LLC acquired a new position in Rezolve AI in the 1st quarter valued at approximately $30,000. SBI Securities Co. Ltd. increased its stake 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 buying an additional 19,010 shares during the period. Summit Trail Advisors LLC acquired a new position in shares of Rezolve AI during the 1st quarter worth $40,000. Finally, Virtu Financial LLC acquired a new position in shares of Rezolve AI during the 1st quarter worth $44,000. Institutional investors and hedge funds own 27.96% of the company's stock.
Rezolve AI Company Profile
(
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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