Rezolve AI (NASDAQ:RZLV) Trading 12.6% Higher – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s share price traded up 12.6% on Thursday . The company traded as high as $3.01 and last traded at $2.99. 6,316,014 shares were traded during trading, a decline of 25% from the average session volume of 8,408,402 shares. The stock had previously closed at $2.65.

Wall Street Analysts Forecast Growth

RZLV has been the topic of a number of recent research reports. Maxim Group began coverage on Rezolve AI in a report on Thursday, January 16th. They issued a “buy” rating and a $10.00 target price on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Northland Securities started coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price objective for the company. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm initiated coverage on Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price for the company. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Rezolve AI currently has an average rating of “Buy” and an average price target of $6.40.

Rezolve AI Trading Up 13.8 %

The business’s fifty day moving average price is $2.91.

Institutional Trading of Rezolve AI

A number of institutional investors have recently bought and sold shares of RZLV. K2 Principal Fund L.P. acquired a new stake in shares of Rezolve AI in the third quarter valued at approximately $881,000. SBI Securities Co. Ltd. purchased a new position in Rezolve AI during the fourth quarter worth $38,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Rezolve AI in the fourth quarter worth $51,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Rezolve AI Company Profile

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.