Rezolve AI (NASDAQ:RZLV) Sees Strong Trading Volume – What’s Next?

Shares of Rezolve AI Limited (NASDAQ:RZLV) saw unusually-strong trading volume on Wednesday . Approximately 5,637,588 shares changed hands 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

Several research analysts have weighed in on RZLV shares. Roth Mkm started coverage on Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price objective on the stock. Cantor Fitzgerald started coverage on Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price objective on the stock. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. 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. Finally, Northland Securities assumed coverage on Rezolve AI in a report on Wednesday, December 18th. They set 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Rezolve AI has a consensus rating of “Buy” and an average price target of $5.50.

Rezolve AI Price Performance

The firm has a fifty day simple moving average of $3.14.

Hedge Funds Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

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.