Rezolve AI Limited (NASDAQ:RZLV) Given Average Recommendation of “Buy” by Brokerages

Rezolve AI Limited (NASDAQ:RZLV) has been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.50.

Several research firms have recently commented on RZLV. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday. Roth Mkm assumed coverage on Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. Cantor Fitzgerald began coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 target price for the company. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a research report on Friday.

Rezolve AI Price Performance

Shares of RZLV stock remained flat at $3.04 during midday trading on Friday. 4,361,020 shares of the company traded hands, 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 stock’s 50 day simple moving average is $3.74.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI as of its most recent SEC filing. Institutional investors 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.