Rezolve AI (NASDAQ:RZLV) Stock Price Down 8.1% – Here’s What Happened

Rezolve AI PLC (NASDAQ:RZLV)’s stock price was down 8.1% on Friday . The stock traded as low as $2.68 and last traded at $2.6750. Approximately 2,927,197 shares traded hands during trading, a decline of 75% from the average daily volume of 11,841,441 shares. The stock had previously closed at $2.91.

Analyst Ratings Changes

A number of brokerages recently weighed in on RZLV. Northland Securities raised their target price 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. Maxim Group upped their target price on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.00 price target on shares of Rezolve AI in a research report on Wednesday. HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Rezolve AI in a report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.29.

Rezolve AI Price Performance

The firm has a 50 day moving average of $3.34 and a 200-day moving average of $3.69.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RZLV. Ameritas Investment Partners Inc. purchased a new stake in Rezolve AI in the 2nd quarter worth approximately $29,000. Hartford Financial Management Inc. acquired a new position in shares of Rezolve AI in the second quarter worth $31,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Rezolve AI during the second quarter worth $31,000. Legal & General Group Plc acquired a new stake in Rezolve AI during the second quarter valued at $31,000. Finally, AXQ Capital LP purchased a new position in Rezolve AI in the third quarter valued at about $54,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.

The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.