Rezolve AI (NASDAQ:RZLV) Given "Buy" Rating at HC Wainwright

Rezolve AI (NASDAQ:RZLV - Get Free Report)'s stock had its "buy" rating reissued by research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $4.00 target price on the stock. HC Wainwright's price target would suggest a potential upside of 198.20% from the company's current price.

A number of other research firms also recently weighed in on RZLV. Roth Mkm reiterated a "buy" rating and set a $4.00 target price on shares of Rezolve AI in a report on Wednesday, March 19th. Maxim Group began coverage on Rezolve AI in a research note on Thursday, January 16th. They issued a "buy" rating and a $10.00 price target on the stock. Northland Capmk raised Rezolve AI to a "strong-buy" rating in a research report on Tuesday, December 17th. D. Boral Capital reaffirmed a "buy" rating and issued a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Finally, Northland Securities began coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They set an "outperform" rating and a $5.00 price target for the company. Six 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.com, the company presently has a consensus rating of "Buy" and a consensus price target of $6.00.

Rezolve AI Trading Down 4.2 %

Shares of RZLV traded down $0.06 during trading hours on Wednesday, reaching $1.34. 1,456,988 shares of the company traded hands, compared to its average volume of 5,096,060. Rezolve AI has a 12 month low of $1.07 and a 12 month high of $12.29. The company's fifty day moving average price is $1.71 and its two-hundred day moving average price is $2.96.

Institutional Investors Weigh In On Rezolve AI

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new stake in Rezolve AI in the 4th quarter worth about $51,000. SBI Securities Co. Ltd. bought a new stake in shares of Rezolve AI in the fourth quarter worth approximately $38,000. Periscope Capital Inc. bought a new position in Rezolve AI during the fourth quarter valued at approximately $268,000. WINTON GROUP Ltd purchased a new stake in Rezolve AI in the fourth quarter worth approximately $279,000. Finally, Highbridge Capital Management LLC bought a new stake in Rezolve AI in the 4th quarter worth approximately $286,000. Institutional investors own 27.96% of the company's stock.

About Rezolve AI

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.