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

Shares of Rezolve AI Limited (NASDAQ:RZLV) saw unusually-high trading volume on Wednesday . Approximately 5,637,588 shares were traded during trading, a decline of 46% from the previous session’s volume of 10,414,009 shares.The stock last traded at $3.07 and had previously closed at $3.72.

Wall Street Analysts Forecast Growth

RZLV has been the subject of several recent research reports. Roth Capital raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. D. Boral Capital reissued a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a report on Friday, December 20th. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Northland Securities began coverage on Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price for the company. Finally, Cantor Fitzgerald began coverage on Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price for the company. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $5.50.

Rezolve AI Stock Up 8.1 %

The firm’s 50-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. purchased a new stake in Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI at the end of the most recent quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.