Rezolve AI (NASDAQ:RZLV) Stock Price Up 2% – Here’s Why

Shares of Rezolve AI Limited (NASDAQ:RZLV) traded up 2% on Friday . The company traded as high as $4.28 and last traded at $4.17. 7,116,471 shares changed hands during trading, a decline of 21% from the average session volume of 9,055,221 shares. The stock had previously closed at $4.09.

Wall Street Analyst Weigh In

RZLV has been the topic of several recent analyst reports. D. Boral Capital restated a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Roth Mkm started coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Northland Securities assumed coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price objective on the stock. Finally, Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Trading Up 5.6 %

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to the company in its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC. 27.96% of the stock is 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.