Rezolve AI (NASDAQ:RZLV) Trading Down 11.2% - Time to Sell?

Key Points

• Rezolve AI's share price fell 11.2% to $5.13, with trading volume increasing by 161% compared to its average daily volume.
• Analysts have given Rezolve AI mixed ratings, with one Strong Buy, eight Buy ratings, and one Sell rating, as the average target price has risen to $9.00.
• Institutional investors currently hold 27.96% of Rezolve AI's shares, indicating interest from larger investment firms after recent trading activity.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price dropped 11.2% during trading on Friday . The stock traded as low as $5.07 and last traded at $5.13. Approximately 27,078,591 shares changed hands during trading, an increase of 161% from the average daily volume of 10,391,673 shares. The stock had previously closed at $5.78.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RZLV. Wall Street Zen raised shares of Rezolve AI from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Maxim Group upped their target price on shares of Rezolve AI from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Alliance Global Partners initiated coverage on shares of Rezolve AI in a research report on Friday, August 1st. They set a "buy" rating and a $8.50 price objective on the stock. Roth Capital raised their price objective on Rezolve AI from $9.00 to $12.50 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Finally, Northland Securities lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $9.00.

Rezolve AI Stock Down 11.2%

The stock's fifty day moving average price is $4.75 and its 200 day moving average price is $3.02.

Institutional Trading of Rezolve AI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Schechter Investment Advisors LLC bought a new stake in Rezolve AI during the first quarter valued at about $107,000. Summit Trail Advisors LLC acquired a new stake in Rezolve AI in the 1st quarter worth approximately $40,000. SBI Securities Co. Ltd. lifted its position in Rezolve AI by 192.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock worth $35,000 after acquiring an additional 19,010 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Rezolve AI during the first quarter worth about $30,000. Finally, Two Sigma Investments LP acquired a new position in shares of Rezolve AI in the 4th quarter valued at about $110,000. 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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