Rezolve AI (NASDAQ:RZLV) Sees Strong Trading Volume – Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV) shares saw an uptick in trading volume on Wednesday . 5,637,588 shares traded hands during mid-day 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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RZLV. Roth Mkm began coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target on the stock. 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 target price on the stock. Northland Securities initiated coverage on Rezolve AI in a report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target for the company. Finally, D. Boral Capital reiterated a “buy” rating and set a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Rezolve AI currently has an average rating of “Buy” and an average price target of $5.50.

Rezolve AI Trading Down 18.8 %

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

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 and Exchange Commission (SEC). 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.