Rezolve AI (NASDAQ:RZLV) Sees Large Volume Increase - Here's Why

Key Points

• Rezolve AI shares experienced a significant trading volume increase, with approximately 8.16 million shares traded, reflecting a 6% rise from the previous session.
• Wall Street analysts have a strong consensus on the stock, with a "Buy" rating and a price target ranging from $4.00 to $8.50.
• Hedge funds have recently shown increased interest in Rezolve AI, with multiple firms acquiring new positions, boosting institutional ownership to 27.96%.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 8,163,991 shares traded hands during trading, an increase of 6% from the previous session's volume of 7,669,378 shares.The stock last traded at $7.19 and had previously closed at $6.25.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RZLV shares. HC Wainwright restated a "buy" rating and set a $4.00 price target on shares of Rezolve AI in a research report on Friday, June 13th. Alliance Global Partners began coverage on shares of Rezolve AI in a research note on Friday, August 1st. They set a "buy" rating and a $8.50 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $6.36.

Rezolve AI Trading Up 10.5%

The stock's fifty day moving average price is $3.21 and its 200-day moving average price is $2.34.

Hedge Funds Weigh In On Rezolve AI

Hedge funds have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. purchased a new position in shares of Rezolve AI during the 4th quarter worth approximately $4,149,000. Jane Street Group LLC purchased a new position in Rezolve AI in the 4th quarter valued at approximately $1,650,000. Schechter Investment Advisors LLC purchased a new position in Rezolve AI in the 1st quarter valued at approximately $107,000. Summit Trail Advisors LLC purchased a new position in Rezolve AI in the 1st quarter valued at approximately $40,000. Finally, SBI Securities Co. Ltd. boosted its position in Rezolve AI by 192.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock valued at $35,000 after buying an additional 19,010 shares during the period. Hedge funds and other institutional investors own 27.96% of the company's stock.

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.

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