Rezolve AI (NASDAQ:RZLV) Trading 2% Higher – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV) was up 2% on Friday . The stock traded as high as $3.15 and last traded at $3.03. Approximately 3,404,619 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 10,444,203 shares. The stock had previously closed at $2.97.

Wall Street Analysts Forecast Growth

RZLV has been the subject of a number of analyst reports. Roth Mkm started coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price for the company. Northland Securities began coverage on Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price objective for the company. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a research note on Friday, December 20th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Performance

The company has a 50-day simple moving average of $3.12.

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 third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 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 Ai Ltd. operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.