Rezolve AI (NASDAQ:RZLV) Shares Up 2% – Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV) traded up 2% on Friday . The stock traded as high as $3.15 and last traded at $3.03. 3,404,619 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 10,444,203 shares. The stock had previously closed at $2.97.

Analysts Set New Price Targets

RZLV has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target for the company. Roth Mkm began coverage on Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective for the company. Northland Securities started 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. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Four equities research 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 a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Performance

The firm’s fifty day simple moving average is $3.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

About Rezolve AI

Rezolve Ai Ltd. operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.