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

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

Analysts Set New Price Targets

Several research analysts recently weighed in on RZLV shares. HC Wainwright reaffirmed a "buy" rating and issued a $4.00 target price on shares of Rezolve AI in a report on Friday, June 13th. Roth Mkm reissued a "buy" rating and issued a $4.00 price objective on shares of Rezolve AI in a research report on Wednesday, March 19th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $6.00.

Rezolve AI Trading Up 8.3%

The company's fifty day moving average is $2.32 and its 200-day moving average is $2.23.

Institutional Trading of Rezolve AI

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Retireful LLC acquired a new position in Rezolve AI during the second quarter worth about $75,000. Virtu Financial LLC purchased a new stake in shares of Rezolve AI in the 1st quarter valued at approximately $44,000. Wolverine Asset Management LLC raised its stake in shares of 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 acquiring an additional 8,219 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of 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 acquiring an additional 19,010 shares during the period. Finally, Schechter Investment Advisors LLC purchased a new stake in shares of Rezolve AI in the 1st quarter valued at approximately $107,000. 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.