Rezolve AI (NASDAQ:RZLV) Shares Up 7% – Still a Buy?

Shares of Rezolve AI Limited (NASDAQ:RZLV) traded up 7% during trading on Thursday . The company traded as high as $3.83 and last traded at $3.81. 10,832,215 shares changed hands during trading, an increase of 185% from the average session volume of 3,804,869 shares. The stock had previously closed at $3.56.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RZLV shares. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Northland Securities started coverage on Rezolve AI in a research report on Wednesday, December 18th. They issued 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 price target for the company. Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price for the company. Finally, D. Boral Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Rezolve AI presently has a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Up 13.5 %

The company’s 50-day moving average is $3.40.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI as of its most recent SEC filing. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.