Rezolve AI Limited (NASDAQ:RZLV) Given Average Recommendation of "Buy" by Brokerages

Shares of Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) have been assigned an average recommendation of "Buy" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $6.00.

RZLV has been the subject of a number of research reports. Roth Mkm restated a "buy" rating and issued a $4.00 price objective on shares of Rezolve AI in a report on Wednesday, March 19th. Maxim Group started coverage on Rezolve AI in a research report on Thursday, January 16th. They set a "buy" rating and a $10.00 price objective on the stock. Finally, HC Wainwright reiterated a "buy" rating and issued a $4.00 price objective on shares of Rezolve AI in a research note on Wednesday, April 16th.

Rezolve AI Stock Performance

NASDAQ RZLV traded up $0.12 during trading on Thursday, hitting $2.09. The stock had a trading volume of 14,911,845 shares, compared to its average volume of 5,162,821. The firm has a 50 day moving average price of $1.58 and a 200 day moving average price of $2.81. Rezolve AI has a twelve month low of $1.07 and a twelve month high of $12.29.

Hedge Funds Weigh In On Rezolve AI

Institutional investors and hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in Rezolve AI during the 4th quarter worth about $51,000. SBI Securities Co. Ltd. purchased a new stake in Rezolve AI during the fourth quarter worth approximately $38,000. Periscope Capital Inc. acquired a new position in Rezolve AI in the fourth quarter valued at approximately $268,000. WINTON GROUP Ltd purchased a new position in Rezolve AI in the fourth quarter valued at approximately $279,000. Finally, Highbridge Capital Management LLC acquired a new stake in Rezolve AI during the fourth quarter worth approximately $286,000. Institutional investors and hedge funds own 27.96% of the company's stock.

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.