Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV) shares gapped up prior to trading on Friday . The stock had previously closed at $4.09, but opened at $4.26. Rezolve AI shares last traded at $4.14, with a volume of 4,137,077 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Roth Mkm started coverage on Rezolve AI in a research report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target for the company. Cantor Fitzgerald started coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target on the stock. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Northland Securities initiated coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price on the stock. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Rezolve AI has an average rating of “Buy” and an average price target of $5.50.

Rezolve AI Trading Down 2.0 %

The stock’s fifty day moving average price is $3.28.

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.