Rezolve AI (NASDAQ:RZLV) Trading 9.1% Higher – Time to Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s share price traded up 9.1% during trading on Wednesday . The stock traded as high as $2.71 and last traded at $2.52. 4,672,865 shares changed hands during trading, a decline of 51% from the average session volume of 9,621,965 shares. The stock had previously closed at $2.31.

Analyst Ratings Changes

A number of brokerages have recently commented on RZLV. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a research note on Friday, December 20th. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Maxim Group started coverage on shares of Rezolve AI in a research report on Thursday. They issued a “buy” rating and a $10.00 price objective for the company. Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price on the stock. Finally, Northland Securities initiated coverage on Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target for the company. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rezolve AI currently has a consensus rating of “Buy” and an average price target of $6.40.

Rezolve AI Stock Down 5.6 %

The stock has a 50 day moving average of $2.97.

Institutional Investors 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 shares of Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent quarter. 27.96% of the stock is currently 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.