Rezolve AI (NASDAQ:RZLV) Trading 4.2% Higher – What’s Next?

Shares of Rezolve AI Limited (NASDAQ:RZLV) shot up 4.2% on Thursday . The company traded as high as $4.21 and last traded at $3.98. 6,307,585 shares were traded during trading, an increase of 31% from the average session volume of 4,813,525 shares. The stock had previously closed at $3.82.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RZLV shares. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Roth Mkm assumed coverage on Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price objective for the company. D. Boral Capital reiterated a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research note on Friday, December 20th. Northland Securities started coverage on Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price for the company. Finally, Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $5.50.

Rezolve AI Trading Up 5.6 %

The firm has a 50 day simple moving average of $3.27.

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI at the end of the most recent quarter. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.