Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV) gapped up before the market opened on Tuesday . The stock had previously closed at $3.23, but opened at $3.65. Rezolve AI shares last traded at $3.50, with a volume of 18,594,564 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Northland Securities initiated coverage on Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price on the stock. Roth Mkm initiated coverage on Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, D. Boral Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $5.50.

Rezolve AI Stock Up 10.2 %

The stock has a 50-day moving average of $3.40.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position 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 its most recent Form 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 about 0.08% of Rezolve AI at the end of the most recent reporting period. 27.96% of the stock is owned by institutional investors and hedge funds.

About Rezolve AI

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.