Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares were down 5.9% on Monday . The company traded as low as $2.67 and last traded at $2.66. Approximately 1,311,173 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 5,601,377 shares. The stock had previously closed at $2.82.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on RZLV shares. Roth Mkm restated a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a research note on Wednesday, March 19th. HC Wainwright restated a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a research note on Friday, June 13th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Rezolve AI presently has an average rating of "Buy" and an average target price of $6.00.
View Our Latest Stock Analysis on Rezolve AI
Rezolve AI Trading Up 0.4%
The firm's 50-day moving average is $2.26 and its 200 day moving average is $2.28.
Institutional Investors Weigh In On Rezolve AI
Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in Rezolve AI during the 4th quarter worth approximately $38,000. Wolverine Asset Management LLC lifted its position 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 worth $26,000 after purchasing an additional 8,219 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Rezolve AI in the 4th quarter worth approximately $88,000. FNY Investment Advisers LLC acquired a new position in shares of Rezolve AI in the 1st quarter worth approximately $30,000. Finally, RPO LLC acquired a new position in shares of Rezolve AI in the 4th quarter worth approximately $108,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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