Rezolve AI (NASDAQ:RZLV) Stock Price Up 9.1% – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV) shares rose 9.1% during mid-day trading on Wednesday . The stock traded as high as $2.71 and last traded at $2.52. Approximately 4,672,865 shares were traded during trading, a decline of 51% from the average daily volume of 9,621,965 shares. The stock had previously closed at $2.31.

Wall Street Analysts Forecast Growth

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

Rezolve AI Price Performance

The stock’s 50-day simple moving average is $3.04.

Institutional Investors 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 position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.

Rezolve AI Company Profile

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.