Rezolve AI (NASDAQ:RZLV) Sees Strong Trading Volume – Time to Buy?

Shares of Rezolve AI Limited (NASDAQ:RZLV) saw strong trading volume on Monday . 5,874,781 shares traded hands during trading, an increase of 72% from the previous session’s volume of 3,425,180 shares.The stock last traded at $3.05 and had previously closed at $2.96.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RZLV shares. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. D. Boral Capital restated a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Cantor Fitzgerald started coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Roth Mkm initiated coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Rezolve AI presently has an average rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Performance

The stock’s 50 day moving average price is $3.45.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 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.