Rezolve AI Limited (NASDAQ:RZLV) Receives Average Rating of “Buy” from Brokerages

Shares of Rezolve AI Limited (NASDAQ:RZLV) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.40.

Several brokerages recently weighed in on RZLV. Maxim Group assumed coverage on Rezolve AI in a report on Thursday. They issued a “buy” rating and a $10.00 price objective for the company. D. Boral Capital restated a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research note on Friday, December 20th. Cantor Fitzgerald started coverage on Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target on the stock. Northland Securities began coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target on the stock. Finally, Roth Mkm assumed coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 price objective for the company.

Institutional Trading of Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 as of its most recent SEC filing. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Stock Performance

Rezolve AI stock opened at $2.84 on Tuesday. Rezolve AI has a fifty-two week low of $1.57 and a fifty-two week high of $12.29. The stock’s 50-day moving average price is $2.94.

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.