Rezolve AI Limited (NASDAQ:RZLV) Given Consensus Recommendation of “Buy” by Analysts

Shares of Rezolve AI Limited (NASDAQ:RZLV) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $6.40.

RZLV has been the subject of several research analyst reports. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. D. Boral Capital restated a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research note on Friday, December 20th. Cantor Fitzgerald started coverage on Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price for the company. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Maxim Group started coverage on Rezolve AI in a research note on Thursday, January 16th. They issued a “buy” rating and a $10.00 target price for the company.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Rezolve AI during the fourth quarter valued at $38,000. Wolverine Asset Management LLC bought a new stake in shares of Rezolve AI in the 4th quarter worth $51,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Rezolve AI in the 4th quarter worth $88,000. RPO LLC bought a new stake in Rezolve AI during the fourth quarter valued at about $108,000. Finally, Two Sigma Investments LP bought a new stake in Rezolve AI during the fourth quarter valued at about $110,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Stock Performance

RZLV opened at $1.41 on Wednesday. Rezolve AI has a 1 year low of $1.27 and a 1 year high of $12.29. The stock’s 50 day moving average is $2.70.

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.