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

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Roth Capital raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Roth Mkm initiated coverage on Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 price objective on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target on the stock. Finally, Northland Securities initiated 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rezolve AI presently has an average rating of “Buy” and an average price target of $5.50.

Rezolve AI Stock Down 0.4 %

The business’s 50 day simple moving average is $3.38.

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 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.

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.