Rezolve AI (NASDAQ:RZLV) Trading Down 5.9% – Should You Sell?

Rezolve AI PLC (NASDAQ:RZLV)’s stock price traded down 5.9% during trading on Friday . The stock traded as low as $3.24 and last traded at $3.2450. 8,777,312 shares were traded during trading, a decline of 74% from the average session volume of 33,877,074 shares. The stock had previously closed at $3.45.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Industrial Alliance Securities set a $14.00 target price on Rezolve AI in a research report on Wednesday, January 14th. Maxim Group boosted their price objective on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Wall Street Zen downgraded Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Northland Securities lifted their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Finally, Alliance Global Partners reissued a “buy” rating on shares of Rezolve AI in a research note on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Rezolve AI Trading Down 9.0%

The firm has a fifty day simple moving average of $3.06 and a 200 day simple moving average of $3.85.

Institutional Trading of Rezolve AI

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in Rezolve AI in the second quarter worth about $29,000. Hartford Financial Management Inc. bought a new stake in shares of Rezolve AI in the 2nd quarter valued at about $31,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Rezolve AI in the 2nd quarter worth approximately $31,000. Legal & General Group Plc bought a new position in shares of Rezolve AI during the second quarter valued at approximately $31,000. Finally, AXQ Capital LP purchased a new position in Rezolve AI during the third quarter valued at approximately $54,000. 27.96% of the stock is currently owned by 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.