Rezolve AI (NASDAQ:RZLV) Trading 4.9% Higher – Here’s Why

Rezolve AI Limited (NASDAQ:RZLV)’s share price traded up 4.9% on Monday . The company traded as high as $3.50 and last traded at $3.30. 8,689,156 shares were traded during mid-day trading, a decline of 1% from the average session volume of 8,749,461 shares. The stock had previously closed at $3.14.

Analysts Set New Price Targets

A number of brokerages have issued reports on RZLV. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Northland Securities assumed coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, Roth Mkm assumed 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. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $6.40.

Rezolve AI Trading Down 4.3 %

The stock’s 50-day simple moving average is $2.98.

Institutional Investors Weigh In On Rezolve AI

A number of institutional investors and hedge funds have recently made changes to their positions in RZLV. SBI Securities Co. Ltd. purchased a new position in Rezolve AI during the 4th quarter worth $38,000. Wolverine Asset Management LLC acquired a new position in shares of Rezolve AI during the fourth quarter worth about $51,000. RPO LLC purchased a new position in Rezolve AI during the fourth quarter worth about $108,000. Periscope Capital Inc. acquired a new stake in Rezolve AI in the fourth quarter valued at about $268,000. Finally, WINTON GROUP Ltd purchased a new stake in Rezolve AI in the 4th quarter valued at approximately $279,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.