Rezolve AI (NASDAQ:RZLV) Stock Price Up 7% – What’s Next?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price traded up 7% on Thursday . The stock traded as high as $3.83 and last traded at $3.81. 10,832,215 shares changed hands during trading, an increase of 185% from the average session volume of 3,804,869 shares. The stock had previously closed at $3.56.

Wall Street Analyst Weigh In

A number of research firms have commented on RZLV. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Northland Securities assumed coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price for the company. 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 target on the stock. Roth Mkm initiated coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price for the company. Finally, D. Boral Capital reissued a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $5.50.

Rezolve AI Price Performance

The company has a 50-day moving average of $3.40.

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) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 reporting period. 27.96% of the stock is owned by institutional investors and hedge funds.

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.