Rezolve AI (NASDAQ:RZLV) Trading 2% Higher – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price shot up 2% during mid-day trading on Friday . The company traded as high as $4.28 and last traded at $4.17. 7,116,471 shares changed hands during trading, a decline of 21% from the average session volume of 9,055,221 shares. The stock had previously closed at $4.09.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Northland Securities initiated coverage on Rezolve AI in a report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target for the company. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research note 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, Cantor Fitzgerald began coverage on Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Up 2.0 %

The company has a 50-day simple moving average of $3.28.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.