Rezolve AI (NASDAQ:RZLV) Shares Gap Down – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $3.16, but opened at $3.00. Rezolve AI shares last traded at $3.01, with a volume of 2,609,331 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RZLV shares. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Maxim Group assumed coverage on Rezolve AI in a research note on Thursday, January 16th. They issued a “buy” rating and a $10.00 target price on the stock. Northland Securities initiated coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target for the company. Cantor Fitzgerald started coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price for the company. Finally, Roth Mkm assumed coverage on Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Rezolve AI presently has a consensus rating of “Buy” and an average target price of $6.40.

Rezolve AI Stock Down 5.9 %

The firm’s fifty day moving average price is $2.86.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI as of its most recent SEC filing. 27.96% of the stock is owned by hedge funds and other institutional investors.

About Rezolve AI

Rezolve Ai Ltd. 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.