Rezolve AI (NASDAQ:RZLV) Sees Unusually-High Trading Volume – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV) shares saw unusually-strong trading volume on Monday . Approximately 9,394,168 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 4,585,147 shares.The stock last traded at $4.26 and had previously closed at $4.60.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. D. Boral Capital restated a “buy” rating and set a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th. Roth Mkm initiated coverage on Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. Roth Capital raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Northland Securities started coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price objective for the company. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $5.50.

Rezolve AI Stock Up 4.3 %

The business has a fifty day moving average of $3.36.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI as of its most recent SEC filing. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Rezolve AI Company Profile

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.