Rezolve AI (NASDAQ:RZLV) Trading Up 1.2% – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV) traded up 1.2% on Thursday . The stock traded as high as $3.06 and last traded at $2.96. 2,845,384 shares were traded during trading, a decline of 67% from the average session volume of 8,525,708 shares. The stock had previously closed at $2.92.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. D. Boral Capital reissued a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th. Roth Mkm began coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective for the company. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Cantor Fitzgerald started coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target on the stock. Finally, Northland Securities initiated coverage on Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target for the company. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Stock Performance

The firm’s 50 day moving average price is $2.99.

Institutional Trading of Rezolve AI

A number of institutional investors have recently bought and sold shares of the company. RPO LLC bought a new position in Rezolve AI during the fourth quarter valued at about $108,000. Geode Capital Management LLC bought a new stake in shares of Rezolve AI during the 4th quarter valued at $393,000. Highbridge Capital Management LLC bought a new stake in shares of Rezolve AI during the 4th quarter valued at $286,000. WINTON GROUP Ltd bought a new stake in shares of Rezolve AI in the 4th quarter valued at $279,000. Finally, Periscope Capital Inc. acquired a new position in Rezolve AI in the 4th quarter worth $268,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

About Rezolve AI

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.