Rezolve AI Limited (NASDAQ:RZLV) Receives Consensus Recommendation of “Buy” from Analysts

Rezolve AI Limited (NASDAQ:RZLV) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $6.00.

Several research analysts have recently issued reports on the company. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Northland Securities started coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target for the company. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Roth Mkm reissued a “buy” rating and set a $4.00 target price on shares of Rezolve AI in a report on Wednesday, March 19th. Finally, Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th.

Institutional Investors Weigh In On Rezolve AI

Several hedge funds have recently modified their holdings of the company. K2 Principal Fund L.P. acquired a new position in shares of Rezolve AI during the 3rd quarter worth approximately $881,000. Wolverine Asset Management LLC purchased a new stake in Rezolve AI in the 4th quarter worth $51,000. SBI Securities Co. Ltd. acquired a new position in Rezolve AI during the fourth quarter worth $38,000. Periscope Capital Inc. purchased a new position in Rezolve AI during the fourth quarter valued at $268,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Rezolve AI in the fourth quarter valued at about $279,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

Rezolve AI Stock Performance

Shares of RZLV stock opened at $1.29 on Friday. The business has a fifty day moving average of $2.06 and a 200 day moving average of $3.40. Rezolve AI has a 1 year low of $1.19 and a 1 year high of $12.29.

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.