Rezolve AI (NASDAQ:RZLV) Sees Unusually-High Trading Volume – Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV) saw unusually-strong trading volume on Monday . Approximately 5,006,607 shares traded hands during mid-day trading, a decline of 42% from the previous session’s volume of 8,569,362 shares.The stock last traded at $3.40 and had previously closed at $3.14.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RZLV shares. D. Boral Capital reiterated a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Cantor Fitzgerald started coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target for the company. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Maxim Group started coverage on shares of Rezolve AI in a report on Thursday, January 16th. They set a “buy” rating and a $10.00 target price for the company. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $6.40.

Rezolve AI Trading Down 9.0 %

The firm’s 50 day moving average is $2.98.

Institutional Investors Weigh In On Rezolve AI

A number of hedge funds and other institutional investors have recently made changes to their positions in RZLV. K2 Principal Fund L.P. purchased a new stake in shares of Rezolve AI in the third quarter valued at $881,000. Wolverine Asset Management LLC purchased a new stake in shares of Rezolve AI in the fourth quarter valued at $51,000. SBI Securities Co. Ltd. purchased a new stake in shares of Rezolve AI in the fourth quarter valued at $38,000. Periscope Capital Inc. purchased a new stake in Rezolve AI during the fourth quarter valued at about $268,000. Finally, WINTON GROUP Ltd purchased a new stake in Rezolve AI during the fourth quarter valued at about $279,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.