Rezolve AI (NASDAQ:RZLV) Trading 2% Higher – Here’s What Happened

Shares of Rezolve AI Limited (NASDAQ:RZLV) rose 2% during trading on Friday . The company traded as high as $3.15 and last traded at $3.03. Approximately 3,404,619 shares changed hands during trading, a decline of 67% from the average daily volume of 10,444,203 shares. The stock had previously closed at $2.97.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. D. Boral Capital reissued a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a research note on Friday, December 20th. Northland Securities initiated coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price objective on the stock. Roth Capital raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Roth Mkm assumed coverage on Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target for the company. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Performance

The business’s fifty day moving average is $3.14.

Hedge Funds Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.