Rezolve AI (NASDAQ:RZLV) Stock Price Up 4.2% – Time to Buy?

Rezolve AI Limited (NASDAQ:RZLV) shot up 4.2% on Thursday . The stock traded as high as $4.21 and last traded at $3.98. 6,307,585 shares were traded during mid-day trading, an increase of 31% from the average session volume of 4,813,525 shares. The stock had previously closed at $3.82.

Analyst Ratings Changes

Several research firms recently issued reports on RZLV. Cantor Fitzgerald initiated coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price on the stock. D. Boral Capital reiterated a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a research note on Friday, December 20th. Northland Securities initiated coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price for the company. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Roth Mkm assumed coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Price Performance

The company has a fifty day moving average of $3.30.

Hedge Funds Weigh In On 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 its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.