Rezolve AI Limited (NASDAQ:RZLV - Get Free Report)'s stock price rose 1.2% on Thursday . The stock traded as high as $3.06 and last traded at $2.96. Approximately 2,845,384 shares traded hands during trading, a decline of 67% from the average daily volume of 8,525,708 shares. The stock had previously closed at $2.92.
Wall Street Analysts Forecast Growth
RZLV has been the subject of several recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They set an "overweight" rating and a $5.00 price objective for the company. Northland Capmk upgraded shares of Rezolve AI to a "strong-buy" rating in a research report on Tuesday, December 17th. D. Boral Capital restated a "buy" rating and set a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Maxim Group initiated coverage on shares of Rezolve AI in a research report on Thursday, January 16th. They set a "buy" rating and a $10.00 price objective for the company. Finally, Roth Mkm initiated coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They set a "buy" rating and a $4.00 price objective for the company. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Rezolve AI currently has an average rating of "Buy" and an average target price of $6.40.
Check Out Our Latest Stock Report on RZLV
Rezolve AI Stock Performance
The firm's fifty day simple moving average is $3.03.
Hedge Funds Weigh In On Rezolve AI
Institutional investors have recently modified their holdings of the business. K2 Principal Fund L.P. acquired a new position in shares of Rezolve AI in the 3rd quarter valued at $881,000. Jane Street Group LLC acquired a new position in shares of Rezolve AI in the 4th quarter valued at $1,650,000. Boothbay Fund Management LLC acquired a new position in Rezolve AI in the 4th quarter valued at $154,000. Geode Capital Management LLC acquired a new position in Rezolve AI in the 4th quarter valued at $393,000. Finally, NewEdge Advisors LLC acquired a new position in Rezolve AI in the 4th quarter valued at $386,000. 27.96% of the stock is owned by institutional investors and hedge funds.
About Rezolve AI
(
Get Free Report)
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.
Further Reading
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