Rezolve AI (NASDAQ:RZLV) Shares Gap Down – What’s Next?

Shares of Rezolve AI Limited (NASDAQ:RZLV) gapped down before the market opened on Wednesday . The stock had previously closed at $3.05, but opened at $2.90. Rezolve AI shares last traded at $3.03, with a volume of 2,506,554 shares trading hands.

Wall Street Analyst Weigh In

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

Rezolve AI Trading Up 0.8 %

The stock has a 50-day moving average of $2.98.

Institutional Trading of Rezolve AI

Large investors have recently bought and sold shares of the stock. K2 Principal Fund L.P. purchased a new stake in shares of Rezolve AI in the 3rd quarter valued at $881,000. Highbridge Capital Management LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at $286,000. WINTON GROUP Ltd purchased a new stake in shares of Rezolve AI in the 4th quarter valued at $279,000. Periscope Capital Inc. purchased a new stake in shares of Rezolve AI in the 4th quarter valued at $268,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.