Rezolve AI (NASDAQ:RZLV) Shares Up 1.2% – What’s Next?

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on RZLV. D. Boral Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research note on Friday, December 20th. Cantor Fitzgerald began coverage on Rezolve AI in a research report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price on the stock. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Roth Mkm started coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target on the stock. Finally, Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Five equities research 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.com, Rezolve AI currently has an average rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Price Performance

The business’s fifty day moving average is $3.03.

Institutional Trading of Rezolve AI

A number of institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Rezolve AI in the fourth quarter valued at approximately $38,000. Wolverine Asset Management LLC acquired a new stake in Rezolve AI in the fourth quarter worth $51,000. RPO LLC bought a new stake in Rezolve AI in the fourth quarter valued at $108,000. Boothbay Fund Management LLC acquired a new position in shares of Rezolve AI during the fourth quarter valued at about $154,000. Finally, Periscope Capital Inc. bought a new position in shares of Rezolve AI during the 4th quarter worth about $268,000. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.