Rezolve AI (NASDAQ:RZLV) Stock Price Down 6.4% – Time to Sell?

Rezolve AI PLC (NASDAQ:RZLV)’s stock price dropped 6.4% on Monday . The stock traded as low as $2.86 and last traded at $2.8550. Approximately 2,269,533 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 10,883,547 shares. The stock had previously closed at $3.05.

Analysts Set New Price Targets

RZLV has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a report on Wednesday, October 8th. Maxim Group upped their price objective on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Cantor Fitzgerald upped their target price on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen cut Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, Northland Securities raised their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Rezolve AI Stock Down 7.7%

The company’s fifty day moving average price is $4.58 and its 200-day moving average price is $3.64.

Institutional Trading of Rezolve AI

A number of institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in Rezolve AI during the 2nd quarter worth about $29,000. Hartford Financial Management Inc. purchased a new position in Rezolve AI during the second quarter valued at approximately $31,000. B. Riley Wealth Advisors Inc. acquired a new position in Rezolve AI in the second quarter valued at approximately $31,000. Legal & General Group Plc acquired a new position in Rezolve AI in the second quarter valued at approximately $31,000. Finally, AXQ Capital LP purchased a new stake in Rezolve AI in the 3rd quarter worth approximately $54,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.