Rezolve AI (NASDAQ:RZLV) Sees Large Volume Increase – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV) saw strong trading volume on Monday . 5,874,781 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 3,425,180 shares.The stock last traded at $3.05 and had previously closed at $2.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RZLV shares. Roth Mkm initiated coverage on Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price on the stock. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Northland Securities began coverage on Rezolve AI in a report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price objective on the stock. Cantor Fitzgerald assumed coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price for the company. Finally, D. Boral Capital reiterated a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a research report on Friday. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $5.50.

Rezolve AI Stock Up 8.8 %

The stock has a 50 day moving average of $3.58.

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) during the 3rd quarter, according to its most recent disclosure 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 0.08% of Rezolve AI as of its most recent SEC filing. 27.96% of the stock is currently owned by institutional investors.

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.