Rezolve AI (NASDAQ:RZLV) Trading 7% Higher – Should You Buy?

Shares of Rezolve AI Limited (NASDAQ:RZLV) traded up 7% during mid-day trading on Thursday . The company traded as high as $3.83 and last traded at $3.81. 10,832,215 shares traded hands during trading, an increase of 185% from the average session volume of 3,804,869 shares. The stock had previously closed at $3.56.

Wall Street Analysts Forecast Growth

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

Rezolve AI Trading Down 0.4 %

The company has a fifty day moving average of $3.38.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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.