Rezolve AI (NASDAQ:RZLV) Upgraded to “Strong-Buy” at Northland Capmk

Rezolve AI (NASDAQ:RZLV) was upgraded by equities researchers at Northland Capmk to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Cantor Fitzgerald began coverage on Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target for the company. Roth Capital upgraded 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 report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target for the company. Finally, Northland Securities assumed coverage on shares of Rezolve AI in a research report on Wednesday. They issued an “outperform” rating and a $5.00 target price for the company. Three 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 $4.67.

Rezolve AI Stock Down 6.1 %

Shares of NASDAQ RZLV traded down $0.23 during midday trading on Tuesday, reaching $3.52. The company’s stock had a trading volume of 4,309,250 shares, compared to its average volume of 3,191,475. Rezolve AI has a fifty-two week low of $1.57 and a fifty-two week high of $12.29. The stock has a 50 day simple moving average of $3.81.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. purchased a new position in Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 quarter. 27.96% of the stock is currently owned by 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.