Rezolve AI Limited (NASDAQ:RZLV) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) have been given a consensus rating of "Buy" by the eight brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.00.

RZLV has been the topic of a number of analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a research note on Tuesday, April 29th. Roth Mkm restated a "buy" rating and issued a $4.00 price objective on shares of Rezolve AI in a report on Wednesday, March 19th.

Rezolve AI Price Performance

NASDAQ:RZLV traded up $0.09 during trading hours on Monday, reaching $2.19. The company's stock had a trading volume of 3,308,082 shares, compared to its average volume of 5,185,016. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $12.29. The firm has a 50-day simple moving average of $1.71 and a 200-day simple moving average of $2.41.

Institutional Investors Weigh In On Rezolve AI

A number of institutional investors have recently modified their holdings of RZLV. SBI Securities Co. Ltd. bought a new stake in shares of Rezolve AI in the 4th quarter worth $38,000. Wolverine Asset Management LLC bought a new position in Rezolve AI in the 4th quarter worth $51,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Rezolve AI during the 4th quarter valued at about $88,000. FNY Investment Advisers LLC purchased a new position in Rezolve AI during the first quarter valued at approximately $30,000. Finally, RPO LLC purchased a new position in shares of Rezolve AI during the 4th quarter valued at $108,000. 27.96% of the stock is 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.