Rezolve AI (NASDAQ:RZLV) Sees Unusually-High Trading Volume – What’s Next?

Rezolve AI Limited (NASDAQ:RZLV) shares saw unusually-strong trading volume on Monday . Approximately 5,006,607 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 8,569,362 shares.The stock last traded at $3.40 and had previously closed at $3.14.

Wall Street Analyst Weigh In

RZLV has been the topic of a number of recent analyst reports. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Maxim Group initiated coverage on shares of Rezolve AI in a research report on Thursday, January 16th. They issued a “buy” rating and a $10.00 target price on the stock. Cantor Fitzgerald initiated coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price on the stock. Finally, Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $6.40.

Rezolve AI Stock Performance

The stock has a 50 day simple moving average of $2.98.

Institutional Trading of Rezolve AI

Several hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in shares of Rezolve AI in the 4th quarter worth $279,000. Periscope Capital Inc. acquired a new stake in shares of Rezolve AI in the 4th quarter worth $268,000. SBI Securities Co. Ltd. purchased a new position in shares of Rezolve AI in the 4th quarter valued at about $38,000. Wolverine Asset Management LLC purchased a new position in shares of Rezolve AI in the 4th quarter valued at about $51,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of Rezolve AI in the 3rd quarter valued at about $881,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.