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

Rezolve AI Limited (NASDAQ:RZLV)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $2.65, but opened at $2.87. Rezolve AI shares last traded at $2.93, with a volume of 3,764,097 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Cantor Fitzgerald initiated coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. Roth Mkm started coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price on the stock. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Maxim Group began coverage on Rezolve AI in a research note on Thursday, January 16th. They issued a “buy” rating and a $10.00 price objective 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. Based on data from MarketBeat, Rezolve AI currently has a consensus rating of “Buy” and an average target price of $6.40.

Rezolve AI Stock Up 5.7 %

The stock has a 50-day simple moving average of $2.93.

Hedge Funds Weigh In On Rezolve AI

Several institutional investors have recently added to or reduced their stakes in RZLV. K2 Principal Fund L.P. purchased a new position in Rezolve AI in the third quarter valued at about $881,000. Wolverine Asset Management LLC bought a new position in Rezolve AI during the fourth quarter valued at $51,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Rezolve AI in the fourth quarter worth $38,000. Institutional investors own 27.96% of the company’s stock.

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.