Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) traded down 5.9% on Monday . The stock traded as low as $2.67 and last traded at $2.66. 1,311,173 shares changed hands during trading, a decline of 77% from the average session volume of 5,601,377 shares. The stock had previously closed at $2.82.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $4.00 target price on shares of Rezolve AI in a research report on Wednesday, March 19th. HC Wainwright reiterated a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a research note on Friday, June 13th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $6.00.
Read Our Latest Research Report on Rezolve AI
Rezolve AI Stock Performance
The business has a 50-day moving average of $2.28 and a 200 day moving average of $2.28.
Institutional Trading of Rezolve AI
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RZLV. SBI Securities Co. Ltd. purchased a new stake in Rezolve AI in the 4th quarter valued at about $38,000. Periscope Capital Inc. purchased a new stake in Rezolve AI in the 4th quarter valued at about $268,000. WINTON GROUP Ltd acquired a new position in shares of Rezolve AI in the 4th quarter valued at about $279,000. Highbridge Capital Management LLC acquired a new position in shares of Rezolve AI in the 4th quarter valued at about $286,000. Finally, Geode Capital Management LLC acquired a new position in shares of Rezolve AI in the 4th quarter valued at about $393,000. Hedge funds and other institutional investors 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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