Rezolve AI (NASDAQ:RZLV) Stock Price Up 7.1% - Still a Buy?

Key Points

• Rezolve AI shares rose 7.1% to $1.575 during mid-day trading, though trading volume was about 92% below the average session volume.
• Analyst sentiment remains mixed but leans positive: four analysts rate the stock Buy and one rates it Sell, producing a consensus “Moderate Buy” rating and a $10.12 average price target.
• The company reported weaker-than-expected quarterly results, with a $0.35-per-share loss versus the $0.15 expected loss and revenue of $65.39 million versus $127 million expected.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price was up 7.1% during mid-day trading on Tuesday. The company traded as high as $1.59 and last traded at $1.5750. Approximately 1,351,000 shares were traded during mid-day trading, a decline of 92% from the average session volume of 17,171,873 shares. The stock had previously closed at $1.47.

Analysts Set New Price Targets

A number of equities research analysts have commented on RZLV shares. Roth Capital reissued a "buy" rating and set a $6.50 price objective on shares of Rezolve AI in a report on Wednesday, September 2nd. Wall Street Zen lowered shares of Rezolve AI from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Weiss Ratings raised shares of Rezolve AI from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Rezolve AI in a report on Wednesday, October 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.12.

Rezolve AI Stock Up 3.7%

The company's fifty day moving average is $2.19 and its two-hundred day moving average is $2.56.

Rezolve AI (NASDAQ:RZLV - Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.20). The business had revenue of $65.39 million for the quarter, compared to analysts' expectations of $127.00 million. During the same period in the previous year, the company earned ($0.25) earnings per share. Equities analysts predict that Rezolve AI PLC will post -0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Rezolve AI

Several hedge funds have recently added to or reduced their stakes in RZLV. Weiss Asset Management LP acquired a new position in shares of Rezolve AI during the 1st quarter worth about $5,120,000. Janus Henderson Group PLC acquired a new position in Rezolve AI during the first quarter valued at approximately $2,631,000. Squarepoint Ops LLC acquired a new position in Rezolve AI during the second quarter valued at approximately $1,168,000. Engineers Gate Manager LP increased its stake in Rezolve AI by 63.6% in the second quarter. Engineers Gate Manager LP now owns 335,690 shares of the company's stock valued at $1,057,000 after purchasing an additional 130,552 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Rezolve AI by 48.1% during the first quarter. Bank of America Corp DE now owns 210,818 shares of the company's stock worth $540,000 after purchasing an additional 68,441 shares in the last quarter. Institutional investors and hedge funds own 27.96% of the company's stock.

About Rezolve AI

Rezolve AI Limited is a technology company that develops artificial intelligence solutions for digital commerce and customer engagement. Its platform is designed to help retailers and brands create more personalized shopping experiences across digital channels, including websites, mobile applications and messaging environments.

The company's products use AI to support functions such as product discovery, conversational shopping, recommendations, customer service and transaction assistance.

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