Rezolve AI (NASDAQ:RZLV) Shares Up 4.4% – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price rose 4.4% during trading on Tuesday . The company traded as high as $3.03 and last traded at $2.97. Approximately 4,378,329 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 9,914,802 shares. The stock had previously closed at $2.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Northland Securities initiated coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price 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 target price on the stock. Cantor Fitzgerald assumed coverage on Rezolve AI in a research note on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target for the company. D. Boral Capital reiterated a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research note on Friday, December 20th. Finally, Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Stock Performance

The business has a fifty day moving average of $2.86.

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) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI at the end of the most recent reporting period. 27.96% of the stock is owned by institutional investors and hedge funds.

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.