Rezolve AI (NASDAQ:RZLV) Trading Up 4.9% – Here’s Why

Rezolve AI Limited (NASDAQ:RZLV)’s stock price was up 4.9% during trading on Monday . The stock traded as high as $3.50 and last traded at $3.30. Approximately 8,689,156 shares were traded during trading, a decline of 1% from the average daily volume of 8,749,461 shares. The stock had previously closed at $3.14.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RZLV shares. Northland Securities began coverage on Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price objective for the company. D. Boral Capital restated a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a research report on Friday, December 20th. Maxim Group assumed coverage on Rezolve AI in a research note on Thursday, January 16th. They set a “buy” rating and a $10.00 price target for the company. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Five 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, the company has an average rating of “Buy” and an average price target of $6.40.

Rezolve AI Price Performance

The company’s 50 day simple moving average is $2.98.

Institutional Trading of Rezolve AI

Several hedge funds and other institutional investors have recently bought and sold shares of RZLV. SBI Securities Co. Ltd. acquired a new stake in shares of Rezolve AI during the fourth quarter worth $38,000. Wolverine Asset Management LLC purchased a new position in Rezolve AI during the fourth quarter worth about $51,000. RPO LLC acquired a new stake in Rezolve AI in the 4th quarter worth about $108,000. Periscope Capital Inc. acquired a new stake in Rezolve AI in the 4th quarter worth about $268,000. Finally, WINTON GROUP Ltd purchased a new stake in Rezolve AI in the 4th quarter valued at about $279,000. 27.96% of the stock is owned by hedge funds and other 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.