Rezolve AI (NASDAQ:RZLV) Shares Up 4.2% – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s share price rose 4.2% during mid-day trading on Thursday . The stock traded as high as $4.21 and last traded at $3.98. Approximately 6,307,585 shares were traded during trading, an increase of 31% from the average daily volume of 4,813,525 shares. The stock had previously closed at $3.82.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RZLV. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm began coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. D. Boral Capital restated a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Cantor Fitzgerald initiated coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price on the stock. Finally, Northland Securities started coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $5.50.

Rezolve AI Stock Up 9.2 %

The business has a fifty day moving average price of $3.30.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. purchased a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI as of its most recent SEC filing. 27.96% of the stock is currently owned by institutional investors and hedge funds.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.