Rezolve AI (NASDAQ:RZLV) Trading Down 19.1% – Here’s Why

Rezolve AI Limited (NASDAQ:RZLV)’s share price fell 19.1% during mid-day trading on Wednesday . The company traded as low as $3.63 and last traded at $3.82. 15,646,830 shares traded hands during trading, an increase of 225% from the average session volume of 4,813,525 shares. The stock had previously closed at $4.72.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RZLV shares. Roth Mkm initiated coverage on Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. Finally, Northland Securities started coverage on Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price for the company. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Rezolve AI presently has an average rating of “Buy” and an average target price of $5.50.

Rezolve AI Trading Up 7.1 %

The firm has a fifty day moving average of $3.28.

Hedge Funds Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI as of its most recent SEC filing. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.