Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Still a Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $3.29, but opened at $3.91. Rezolve AI shares last traded at $3.76, with a volume of 23,886,201 shares.

Analysts Set New Price Targets

RZLV has been the subject of several recent analyst reports. Roth Mkm began coverage on Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective for the company. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Northland Securities assumed coverage on shares of Rezolve AI in a research note on Wednesday. They set an “outperform” rating and a $5.00 price objective on the stock. Finally, Cantor Fitzgerald started coverage on shares of Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price for the company.

Rezolve AI Stock Performance

The firm’s fifty day simple moving average is $3.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI at the end of the most recent quarter. Institutional investors and hedge funds 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.