Rezolve AI (NASDAQ:RZLV) Trading 1.2% Higher – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price traded up 1.2% during trading on Friday . The stock traded as high as $2.96 and last traded at $2.95. 3,298,033 shares were traded during mid-day trading, a decline of 61% from the average session volume of 8,448,774 shares. The stock had previously closed at $2.91.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target for the company. Roth Capital raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Maxim Group initiated coverage on Rezolve AI in a research note on Thursday, January 16th. They set a “buy” rating and a $10.00 target price for the company. Finally, Northland Securities initiated coverage on Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price for the company. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Rezolve AI currently has an average rating of “Buy” and an average target price of $6.40.

Rezolve AI Price Performance

The business has a 50 day simple moving average of $3.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Rezolve AI during the fourth quarter worth $38,000. Wolverine Asset Management LLC purchased a new position in shares of Rezolve AI during the fourth quarter worth $51,000. RPO LLC purchased a new position in shares of Rezolve AI during the fourth quarter worth $108,000. Boothbay Fund Management LLC purchased a new position in shares of Rezolve AI during the fourth quarter worth $154,000. Finally, Periscope Capital Inc. purchased a new position in shares of Rezolve AI during the fourth quarter worth $268,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

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.