Rezolve AI (NASDAQ:RZLV) Trading Down 5.9% – Here’s Why

Rezolve AI PLC (NASDAQ:RZLV) shares dropped 5.9% on Friday . The company traded as low as $3.24 and last traded at $3.2450. Approximately 8,777,312 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 33,877,074 shares. The stock had previously closed at $3.45.

Analyst Ratings Changes

Several equities analysts recently issued reports on RZLV shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 price objective on shares of Rezolve AI in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research note on Wednesday, October 8th. Northland Securities boosted their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Roth Mkm increased their price objective on shares of Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Alliance Global Partners restated a “buy” rating on shares of Rezolve AI in a research report on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.00.

Rezolve AI Trading Down 6.8%

The business has a 50 day simple moving average of $3.06 and a two-hundred day simple moving average of $3.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RZLV. Ameritas Investment Partners Inc. purchased a new position in shares of Rezolve AI during the 2nd quarter worth about $29,000. Hartford Financial Management Inc. acquired a new position in shares of Rezolve AI during the 2nd quarter valued at $31,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Rezolve AI during the 2nd quarter valued at $31,000. Legal & General Group Plc purchased a new stake in Rezolve AI during the 2nd quarter worth $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.