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

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

Wall Street Analysts Forecast Growth

RZLV has been the subject of several research reports. HC Wainwright reiterated a “buy” rating and set a $10.00 price target on shares of Rezolve AI in a research report on Friday, December 19th. Roth Capital increased their target price on shares of Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Northland Securities raised their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 target price on shares of Rezolve AI in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.29.

Rezolve AI Stock Performance

The business’s 50 day simple moving average is $3.30 and its 200 day simple moving average is $3.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Brown Wealth Management LLC acquired a new stake in shares of Rezolve AI during the second quarter valued at about $615,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Rezolve AI during the 2nd quarter worth approximately $57,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Rezolve AI in the 2nd quarter valued at approximately $62,000. Retireful LLC purchased a new stake in Rezolve AI in the second quarter valued at approximately $75,000. Finally, Hartford Financial Management Inc. acquired a new position in Rezolve AI during the second quarter worth $31,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

About Rezolve AI

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.