Rezolve AI (NASDAQ:RZLV) Trading 11.6% Higher – Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV) shares shot up 11.6% during mid-day trading on Thursday . The stock traded as high as $2.95 and last traded at $2.69. 10,966,890 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 9,963,887 shares. The stock had previously closed at $2.41.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RZLV. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research note on Friday, December 20th. Northland Securities began coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price for the company. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Roth Mkm began coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price for the company. Finally, Maxim Group began coverage on shares of Rezolve AI in a report on Thursday. They issued a “buy” rating and a $10.00 target price for the company. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $6.40.

Rezolve AI Stock Performance

The company has a fifty day moving average of $2.94.

Institutional Trading of Rezolve AI

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

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.