Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $2.86, but opened at $3.23. Rezolve AI shares last traded at $3.18, with a volume of 14,011,532 shares.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Cantor Fitzgerald began coverage on shares of Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Maxim Group began coverage on shares of Rezolve AI in a research note on Thursday, January 16th. They issued a “buy” rating and a $10.00 price objective for the company. Northland Securities assumed coverage on Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price on the stock. Finally, D. Boral Capital reissued a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a research report on Friday, December 20th. Five investment 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, Rezolve AI has a consensus rating of “Buy” and an average price target of $6.40.

Rezolve AI Trading Down 3.5 %

The stock’s 50 day moving average is $2.86.

Institutional Trading of 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) in the 3rd quarter, according to the company in its most recent Form 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 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.

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.