Rezolve AI (NASDAQ:RZLV) Trading Down 4.2% - Here's What Happened

Key Points

• Rezolve AI's shares fell 4.2% to $6.38, with a significant trading volume increase of 156% compared to the average daily volume.
• Analysts remain optimistic with multiple "buy" ratings, and target prices raised, including a new target of $9.00 from Roth Capital.
• 27.96% of Rezolve AI's stock is held by institutional investors, reflecting growing interest among large investors.

Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) dropped 4.2% on Monday . The company traded as low as $5.48 and last traded at $6.38. Approximately 22,269,655 shares were traded during mid-day trading, an increase of 156% from the average daily volume of 8,693,658 shares. The stock had previously closed at $6.66.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Roth Capital reaffirmed a "buy" rating and set a $9.00 target price (up previously from $4.25) on shares of Rezolve AI in a research report on Monday, September 15th. Alliance Global Partners started coverage on shares of Rezolve AI in a report on Friday, August 1st. They set a "buy" rating and a $8.50 price objective on the stock. Finally, HC Wainwright boosted their target price on Rezolve AI from $4.00 to $9.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, Rezolve AI presently has an average rating of "Buy" and a consensus price target of $7.31.

Rezolve AI Trading Down 4.2%

The firm has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $2.60.

Hedge Funds Weigh In On Rezolve AI

A number of large investors have recently made changes to their positions in RZLV. Wolverine Asset Management LLC boosted its holdings in shares of Rezolve AI by 62.1% in the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock worth $26,000 after acquiring an additional 8,219 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Rezolve AI in the second quarter worth $29,000. FNY Investment Advisers LLC bought a new position in shares of Rezolve AI in the first quarter worth $30,000. Hartford Financial Management Inc. bought a new position in shares of Rezolve AI in the second quarter worth $31,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Rezolve AI in the second quarter worth $31,000. 27.96% of the stock is owned by institutional investors.

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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