Rezolve AI (NASDAQ:RZLV) Trading Down 3.6% – Time to Sell?

Rezolve AI PLC (NASDAQ:RZLV)’s share price traded down 3.6% during mid-day trading on Friday . The stock traded as low as $2.76 and last traded at $2.83. 3,157,424 shares were traded during trading, a decline of 53% from the average session volume of 6,723,805 shares. The stock had previously closed at $2.93.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of Rezolve AI in a research note on Friday, June 13th. Alliance Global Partners assumed coverage on shares of Rezolve AI in a research note on Friday. They set a “buy” rating and a $8.50 price target on the stock. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $6.36.

Rezolve AI Price Performance

The business’s fifty day moving average is $2.48 and its 200-day moving average is $2.19.

Institutional Investors Weigh In On Rezolve AI

Institutional investors have recently bought and sold shares of the stock. Hartford Financial Management Inc. purchased a new stake in Rezolve AI in the second quarter valued at approximately $31,000. Vanguard Personalized Indexing Management LLC acquired a new position in Rezolve AI during the second quarter valued at approximately $57,000. Wolverine Asset Management LLC lifted its position in Rezolve AI by 62.1% during the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock valued at $26,000 after buying an additional 8,219 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Rezolve AI during the fourth quarter valued at approximately $88,000. Finally, Retireful LLC acquired a new position in Rezolve AI during the second quarter valued at approximately $75,000. 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.