Rezolve AI (NASDAQ:RZLV) Stock Price Up 12.6% – Here’s Why

Rezolve AI Limited (NASDAQ:RZLV)’s stock price rose 12.6% on Thursday . The stock traded as high as $3.01 and last traded at $2.99. Approximately 6,316,014 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 8,408,402 shares. The stock had previously closed at $2.65.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Roth Mkm initiated coverage on Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Cantor Fitzgerald assumed coverage on shares of Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target on the stock. D. Boral Capital reiterated a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Finally, Northland Securities began coverage on Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target for the company. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Stock Performance

The company’s 50-day moving average is $2.93.

Hedge Funds Weigh In On Rezolve AI

Several large investors have recently made changes to their positions in RZLV. K2 Principal Fund L.P. purchased a new position in shares of Rezolve AI in the third quarter valued at approximately $881,000. Wolverine Asset Management LLC purchased a new stake in Rezolve AI in the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. purchased a new position in Rezolve AI during the 4th quarter worth $38,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.