Rezolve AI (NASDAQ:RZLV) Shares Climb 7.1% – Still a Buy?

Shares of Rezolve AI PLC (NASDAQ:RZLV) rose 7.1% on Tuesday. The stock traded as high as $1.59 and last traded at $1.5750. Approximately 1,351,000 shares were traded during trading, a decline of 92% from the average daily volume of 17,171,873 shares. The stock had previously closed at $1.47.

Analyst Upgrades and Downgrades

RZLV has been the subject of several recent analyst reports. Roth Capital restated a “buy” rating and issued a $6.50 price target on shares of Rezolve AI in a report on Wednesday, September 2nd. Weiss Ratings raised Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. Wall Street Zen cut Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Rezolve AI in a research report on Wednesday, October 7th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.12.

Rezolve AI Price Performance

The firm’s 50 day simple moving average is $2.19 and its 200-day simple moving average is $2.56.

Rezolve AI (NASDAQ:RZLV) last posted its quarterly earnings data on Tuesday, September 1st. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.20). The firm had revenue of $65.39 million for the quarter, compared to the consensus estimate of $127.00 million. During the same period last year, the company posted ($0.25) EPS. Equities research analysts anticipate that Rezolve AI PLC will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Rezolve AI

A number of large investors have recently added to or reduced their stakes in RZLV. Trueblood Wealth Management LLC acquired a new position in shares of Rezolve AI during the 3rd quarter worth about $87,000. SBI Securities Co. Ltd. lifted its stake in Rezolve AI by 14.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 165,454 shares of the company’s stock valued at $359,000 after purchasing an additional 20,933 shares during the last quarter. USAdvisors Wealth Management LLC bought a new position in Rezolve AI during the third quarter worth about $32,000. Sax Wealth Advisors LLC bought a new position in Rezolve AI during the third quarter worth about $73,000. Finally, Engineers Gate Manager LP increased its position in Rezolve AI by 63.6% during the second quarter. Engineers Gate Manager LP now owns 335,690 shares of the company’s stock worth $1,057,000 after buying an additional 130,552 shares during the last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI Limited is a technology company that develops artificial intelligence solutions for digital commerce and customer engagement. Its platform is designed to help retailers and brands create more personalized shopping experiences across digital channels, including websites, mobile applications and messaging environments.

The company’s products use AI to support functions such as product discovery, conversational shopping, recommendations, customer service and transaction assistance.