Rezolve AI (NASDAQ:RZLV) Trading 9.1% Higher - Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV - Get Free Report)'s share price shot up 9.1% during trading on Wednesday . The stock traded as high as $2.71 and last traded at $2.52. 4,672,865 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 9,621,965 shares. The stock had previously closed at $2.31.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RZLV shares. Northland Securities began coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an "outperform" rating and a $5.00 price target for the company. Roth Mkm started coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They set a "buy" rating and a $4.00 target price for the company. Cantor Fitzgerald began coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They issued an "overweight" rating and a $5.00 price target on the stock. Northland Capmk upgraded Rezolve AI to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, Roth Capital upgraded Rezolve AI to a "strong-buy" rating in a report on Tuesday, December 10th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $5.50.

Rezolve AI Trading Up 4.3 %

The company's fifty day moving average is $3.04.

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. 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.