Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $3.23, but opened at $3.65. Rezolve AI shares last traded at $3.50, with a volume of 18,594,564 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RZLV. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Cantor Fitzgerald started coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price on the stock. Northland Securities assumed coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target for the company. 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. Finally, Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $5.50.

Rezolve AI Stock Performance

The firm’s 50-day simple moving average is $3.51.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new position in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.96% of the stock is currently owned by hedge funds and other institutional investors.

About Rezolve AI

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.