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

Rezolve AI Limited (NASDAQ:RZLV)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.23, but opened at $3.65. Rezolve AI shares last traded at $3.50, with a volume of 18,594,564 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on RZLV shares. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm began coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. Northland Securities initiated coverage on Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price for the company. Finally, D. Boral Capital reiterated a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a research note on Friday. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $5.50.

Rezolve AI Trading Up 6.2 %

The firm has a fifty day simple moving average of $3.51.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 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.