Rezolve AI (NASDAQ:RZLV) Shares Up 4.4% – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price was up 4.4% during mid-day trading on Tuesday . The stock traded as high as $3.03 and last traded at $2.97. Approximately 4,378,329 shares were traded during trading, a decline of 56% from the average daily volume of 9,914,802 shares. The stock had previously closed at $2.84.

Analyst Ratings Changes

A number of research firms have weighed in on RZLV. Roth Mkm initiated coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price on the stock. Maxim Group began coverage on shares of Rezolve AI in a report on Thursday, January 16th. They set a “buy” rating and a $10.00 price objective for the company. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Trading Down 3.5 %

The business has a 50 day moving average price of $2.86.

Hedge Funds Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI as of its most recent SEC filing. 27.96% of the stock is currently owned by 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.