Rezolve AI (NASDAQ:RZLV) Stock Price Down 5.6% – Time to Sell?

Rezolve AI PLC (NASDAQ:RZLV)’s share price traded down 5.6% on Thursday . The stock traded as low as $2.58 and last traded at $2.6350. 3,135,798 shares traded hands during trading, a decline of 71% from the average session volume of 10,978,188 shares. The stock had previously closed at $2.79.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RZLV shares. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Rezolve AI in a report on Tuesday, December 2nd. Roth Capital increased their target price on shares of Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Maxim Group boosted their price target on shares of Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Northland Securities upped their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen downgraded shares of Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rezolve AI currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Rezolve AI Price Performance

The firm has a 50-day moving average of $4.05 and a 200-day moving average of $3.66.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Rezolve AI by 14.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 21,058 shares of the company’s stock valued at $105,000 after purchasing an additional 2,661 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Rezolve AI by 32.1% in the third quarter. Ameritas Investment Partners Inc. now owns 12,254 shares of the company’s stock valued at $61,000 after buying an additional 2,975 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Rezolve AI by 11.8% in the third quarter. SBI Securities Co. Ltd. now owns 30,621 shares of the company’s stock valued at $152,000 after buying an additional 3,242 shares in the last quarter. Legal & General Group Plc raised its position in shares of Rezolve AI by 58.4% in the third quarter. Legal & General Group Plc now owns 16,036 shares of the company’s stock worth $80,000 after acquiring an additional 5,915 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Rezolve AI by 34.6% in the third quarter. ProShare Advisors LLC now owns 25,080 shares of the company’s stock worth $125,000 after acquiring an additional 6,444 shares during the period. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

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.