Rezolve AI (NASDAQ:RZLV) Trading Up 12.6% – Time to Buy?

Rezolve AI Limited (NASDAQ:RZLV) was up 12.6% during trading on Thursday . The company traded as high as $3.01 and last traded at $2.99. Approximately 6,316,014 shares were traded during trading, a decline of 25% from the average daily volume of 8,408,402 shares. The stock had previously closed at $2.65.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RZLV. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm assumed coverage on Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Cantor Fitzgerald started coverage on Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price on the stock. Finally, Maxim Group began coverage on Rezolve AI in a report on Thursday, January 16th. They issued a “buy” rating and a $10.00 price target for the company. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Price Performance

The business’s fifty day simple moving average is $2.91.

Hedge Funds Weigh In On Rezolve AI

Several hedge funds and other institutional investors have recently modified their holdings of the company. K2 Principal Fund L.P. purchased a new stake in Rezolve AI during the third quarter worth approximately $881,000. Wolverine Asset Management LLC purchased a new stake in Rezolve AI during the 4th quarter worth $51,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Rezolve AI in the 4th quarter valued at $38,000. 27.96% of the stock is owned by institutional investors and hedge funds.

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.