Rezolve AI (NASDAQ:RZLV) Sees Strong Trading Volume – Here’s What Happened

Shares of Rezolve AI Limited (NASDAQ:RZLV) saw unusually-high trading volume on Tuesday . Approximately 17,241,531 shares traded hands during trading, an increase of 754% from the previous session’s volume of 2,018,715 shares.The stock last traded at $2.91 and had previously closed at $2.13.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RZLV shares. Cantor Fitzgerald began coverage on Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price for the company. Roth Mkm started coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price for the company. Northland Securities assumed coverage on shares of Rezolve AI in a research note on Wednesday. They issued an “outperform” rating and a $5.00 price objective on the stock. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday. Finally, Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $4.67.

Rezolve AI Stock Performance

The firm’s 50-day simple moving average is $3.74.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI as of its most recent SEC filing. 27.96% of the stock is owned by institutional investors.

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.