Rezolve AI Limited (NASDAQ:RZLV) Receives Average Rating of “Buy” from Analysts

Shares of Rezolve AI Limited (NASDAQ:RZLV) have been given an average recommendation of “Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $6.40.

Several research firms recently issued reports on RZLV. Roth Mkm assumed coverage on Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price on the stock. Cantor Fitzgerald began coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective for the company. D. Boral Capital reissued a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research note on Friday, December 20th. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th.

Rezolve AI Trading Up 5.7 %

Shares of RZLV stock opened at $3.14 on Friday. The company has a fifty day simple moving average of $2.93. Rezolve AI has a 1 year low of $1.57 and a 1 year high of $12.29.

Institutional Trading of Rezolve AI

A number of hedge funds have recently modified their holdings of RZLV. K2 Principal Fund L.P. bought a new position in Rezolve AI in the 3rd quarter valued at about $881,000. Wolverine Asset Management LLC acquired a new position in shares of Rezolve AI in the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Rezolve AI during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.