Rezolve AI Limited (NASDAQ:RZLV) Receives Average Recommendation of “Buy” from Analysts

Shares of Rezolve AI Limited (NASDAQ:RZLV) have earned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $5.50.

RZLV has been the topic of several recent research reports. D. Boral Capital restated a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a research report on Friday. Roth Capital raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price objective for the company. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday. Finally, Northland Securities started coverage on shares of Rezolve AI in a report on Wednesday. They issued an “outperform” rating and a $5.00 price objective on the stock.

Institutional Trading of 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 third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI as of its most recent SEC filing. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Stock Performance

RZLV stock remained flat at $3.04 during midday trading on Friday. The company had a trading volume of 4,361,020 shares, compared to its average volume of 3,308,753. Rezolve AI has a 1 year low of $1.57 and a 1 year high of $12.29. The company has a fifty day simple moving average of $3.74.

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.