Rezolve AI (NASDAQ:RZLV) Trading Down 4.5% - Should You Sell?

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price was down 4.5% during mid-day trading on Monday . The stock traded as low as $2.46 and last traded at $2.43. Approximately 2,642,858 shares were traded during trading, a decline of 53% from the average daily volume of 5,639,976 shares. The stock had previously closed at $2.54.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RZLV shares. HC Wainwright reaffirmed a "buy" rating and set a $4.00 target price on shares of Rezolve AI in a research report on Friday, June 13th. Roth Mkm reaffirmed a "buy" rating and set a $4.00 target price on shares of Rezolve AI in a research report on Wednesday, March 19th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $6.00.

Rezolve AI Stock Performance

The firm has a 50 day moving average price of $2.28 and a two-hundred day moving average price of $2.25.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RZLV. Periscope Capital Inc. bought a new position in Rezolve AI in the 4th quarter worth about $268,000. WINTON GROUP Ltd purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $279,000. Highbridge Capital Management LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $286,000. Geode Capital Management LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $393,000. Finally, RPO LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $108,000. 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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