Rezolve AI Limited (NASDAQ:RZLV) Receives Average Rating of "Buy" from Brokerages

Shares of Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $6.00.

A number of equities research analysts recently weighed in on RZLV shares. Roth Mkm restated a "buy" rating and set a $4.00 price objective on shares of Rezolve AI in a research note on Wednesday, March 19th. HC Wainwright reissued a "buy" rating and set a $4.00 price target on shares of Rezolve AI in a research report on Friday.

Rezolve AI Stock Down 0.5%

Rezolve AI stock traded down $0.01 during mid-day trading on Friday, reaching $2.02. 4,384,287 shares of the company were exchanged, compared to its average volume of 5,064,620. The business has a fifty day moving average of $1.93 and a 200 day moving average of $2.27. Rezolve AI has a 12-month low of $1.07 and a 12-month high of $12.29.

Institutional Investors Weigh In On Rezolve AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RZLV. Wolverine Asset Management LLC purchased a new position in shares of Rezolve AI in the 4th quarter valued at approximately $51,000. SBI Securities Co. Ltd. purchased a new position in shares of Rezolve AI in the fourth quarter worth $38,000. Periscope Capital Inc. purchased a new position in shares of Rezolve AI in the fourth quarter worth $268,000. WINTON GROUP Ltd purchased a new position in shares of Rezolve AI in the fourth quarter worth $279,000. Finally, Highbridge Capital Management LLC purchased a new position in Rezolve AI in the 4th quarter worth $286,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

About Rezolve AI

Rezolve AI Plc 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.