Rezolve AI (NASDAQ:RZLV) Shares Up 4.9% - What's Next?

Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) rose 4.9% during mid-day trading on Monday . The stock traded as high as $3.50 and last traded at $3.30. Approximately 8,689,156 shares traded hands during mid-day 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

RZLV has been the subject of a number of research analyst reports. Maxim Group began coverage on Rezolve AI in a research report on Thursday, January 16th. They issued a "buy" rating and a $10.00 target price for the company. Northland Securities started 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 restated a "buy" rating and set a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Roth Mkm assumed coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They issued a "buy" rating and a $4.00 price target on the stock. Finally, Cantor Fitzgerald began coverage on Rezolve AI in a research report on Thursday, December 5th. They set an "overweight" rating and a $5.00 price objective for the company. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $6.40.

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Rezolve AI Stock Down 0.3 %

The firm's 50 day moving average price is $3.01.

Institutional Investors Weigh In On Rezolve AI

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new position in shares of Rezolve AI in the 4th quarter worth about $386,000. XTX Topco Ltd acquired a new stake in shares of Rezolve AI in the fourth quarter valued at approximately $366,000. RPO LLC bought a new position in Rezolve AI in the 4th quarter worth approximately $108,000. Geode Capital Management LLC acquired a new stake in Rezolve AI in the 4th quarter valued at approximately $393,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Rezolve AI during the fourth quarter valued at $286,000. Institutional investors 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.