Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Here’s Why

Rezolve AI Limited (NASDAQ:RZLV)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $2.65, but opened at $2.87. Rezolve AI shares last traded at $2.93, with a volume of 3,764,097 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RZLV shares. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Roth Mkm initiated 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. Cantor Fitzgerald assumed coverage on Rezolve AI in a research note on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. D. Boral Capital reissued a “buy” rating and set a $8.00 target price on shares of Rezolve AI in a research note on Friday, December 20th. 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 target on the stock. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $6.40.

Rezolve AI Stock Performance

The business has a 50-day moving average of $2.93.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RZLV. SBI Securities Co. Ltd. acquired a new stake in shares of Rezolve AI in the fourth quarter valued at about $38,000. Wolverine Asset Management LLC acquired a new position in Rezolve AI in the fourth quarter valued at $51,000. Finally, K2 Principal Fund L.P. acquired a new position in Rezolve AI in the third quarter valued at approximately $881,000. 27.96% of the stock is owned by 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.