Rezolve AI (NASDAQ:RZLV) Sees Large Volume Increase – Time to Buy?

Rezolve AI Limited (NASDAQ:RZLV) shares saw an uptick in trading volume on Wednesday . 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 Analyst Weigh In

A number of research firms have commented on RZLV. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Roth Capital raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. D. Boral Capital reissued a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th. Roth Mkm began coverage on Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price target for the company. Finally, Northland Securities initiated coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rezolve AI has a consensus rating of “Buy” and a consensus target price of $5.50.

Rezolve AI Stock Down 18.8 %

The stock has a 50-day simple moving average of $3.22.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.