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

Rezolve AI Limited (NASDAQ:RZLV) shares gapped up prior to trading on Wednesday . The stock had previously closed at $2.86, but opened at $3.23. Rezolve AI shares last traded at $3.18, with a volume of 14,011,532 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RZLV shares. Northland Securities started coverage on Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target on the stock. Cantor Fitzgerald started coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Maxim Group started coverage on Rezolve AI in a report on Thursday, January 16th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Roth Mkm started coverage on Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Rezolve AI has a consensus rating of “Buy” and a consensus target price of $6.40.

Rezolve AI Stock Up 8.6 %

The stock’s 50-day moving average price is $2.88.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI as of its most recent filing with the Securities and Exchange Commission (SEC). 27.96% of the stock is owned by institutional investors and hedge funds.

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.