Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.09, but opened at $4.26. Rezolve AI shares last traded at $4.14, with a volume of 4,137,077 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RZLV shares. Cantor Fitzgerald began coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target for the company. Roth Mkm started coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price objective on the stock. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. D. Boral Capital reissued a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Finally, Northland Securities started coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Up 5.6 %

The stock’s 50-day moving average is $3.27.

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 position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

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.