Rezolve AI (NASDAQ:RZLV) Stock Price Up 4.2% – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV) traded up 4.2% during mid-day trading on Thursday . The stock traded as high as $4.21 and last traded at $3.98. 6,307,585 shares traded hands during mid-day 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 Analysts Forecast Growth

RZLV has been the topic of a number of research analyst reports. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Cantor Fitzgerald initiated coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price on the stock. Northland Securities initiated coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price for the company. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, D. Boral Capital reiterated a “buy” rating and set a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Rezolve AI has an average rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Performance

The business has a fifty day simple moving average of $3.27.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 reporting period. Institutional investors own 27.96% of the company’s stock.

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.