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

Rezolve AI Limited (NASDAQ:RZLV)’s share price traded up 11.6% during mid-day trading on Thursday . The company traded as high as $2.95 and last traded at $2.69. 10,966,890 shares traded 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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald began coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. Maxim Group began coverage on shares of Rezolve AI in a report on Thursday. They issued a “buy” rating and a $10.00 price objective on the stock. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Finally, 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 price objective on the stock. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $6.40.

Rezolve AI Trading Down 5.6 %

The stock’s 50 day moving average price is $2.94.

Hedge Funds Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 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 at the end of the most recent reporting period. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.