Rezolve AI (NASDAQ:RZLV – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03), FiscalAI reports. The firm had revenue of $65.39 million during the quarter, compared to the consensus estimate of $127.00 million.
Rezolve AI Stock Down 2.7%
Shares of RZLV opened at $2.89 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. Rezolve AI has a 1 year low of $2.05 and a 1 year high of $8.45. The stock has a 50 day simple moving average of $2.59 and a 200-day simple moving average of $2.59.
Wall Street Analyst Weigh In
RZLV has been the topic of a number of analyst reports. Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.42.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its position in Rezolve AI by 72.3% in the fourth quarter. California State Teachers Retirement System now owns 11,042 shares of the company’s stock valued at $28,000 after buying an additional 4,633 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Rezolve AI during the 4th quarter valued at $31,000. Legal & General Group Plc acquired a new position in Rezolve AI in the second quarter worth $31,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Rezolve AI during the second quarter worth $31,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Rezolve AI in the fourth quarter valued at $33,000. 27.96% of the stock is owned by institutional investors.
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.
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