Rezolve AI (NASDAQ:RZLV) Sees Strong Trading Volume – Still a Buy?

Shares of Rezolve AI Limited (NASDAQ:RZLV) saw strong trading volume on Monday . Approximately 9,394,168 shares were traded during trading, an increase of 105% from the previous session’s volume of 4,585,147 shares.The stock last traded at $4.26 and had previously closed at $4.60.

Analyst Ratings Changes

A number of brokerages have recently commented on RZLV. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Roth Mkm assumed coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price for the company. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Northland Securities initiated coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, D. Boral Capital reiterated a “buy” rating and set a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Price Performance

The firm has a 50-day moving average price of $3.36.

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.96% of the stock is currently owned by hedge funds and other institutional investors.

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.