Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Should You Buy?

Rezolve AI Limited (NASDAQ:RZLV)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $3.29, but opened at $3.91. Rezolve AI shares last traded at $3.76, with a volume of 23,886,201 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Roth Capital upgraded shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday. 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. Roth Mkm initiated coverage on Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price for the company. Finally, Northland Securities assumed coverage on Rezolve AI in a report on Wednesday. They issued an “outperform” rating and a $5.00 target price on the stock. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $4.67.

Rezolve AI Stock Performance

The company has a fifty day moving average price of $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. acquired a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI at the end of the most recent quarter. 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.