Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares saw strong trading volume on Wednesday . 36,032,348 shares were traded during mid-day trading, an increase of 288% from the previous session's volume of 9,280,475 shares.The stock last traded at $5.79 and had previously closed at $4.98.
Wall Street Analyst Weigh In
RZLV has been the topic of a number of research analyst reports. Alliance Global Partners started coverage on Rezolve AI in a report on Friday, August 1st. They set a "buy" rating and a $8.50 target price on the stock. HC Wainwright lifted their price objective on Rezolve AI from $4.00 to $9.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, Roth Capital restated a "buy" rating and set a $9.00 price target (up from $4.25) on shares of Rezolve AI in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $7.31.
Read Our Latest Report on RZLV
Rezolve AI Trading Up 1.8%
The company's 50-day moving average price is $4.31 and its two-hundred day moving average price is $2.81.
Institutional Trading of Rezolve AI
Several large investors have recently added to or reduced their stakes in RZLV. Geode Capital Management LLC lifted its holdings in shares of Rezolve AI by 1,100.7% in the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock worth $3,799,000 after buying an additional 1,132,569 shares in the last quarter. Brown Wealth Management LLC purchased a new stake in shares of Rezolve AI during the second quarter valued at about $615,000. Rhumbline Advisers purchased a new stake in shares of Rezolve AI during the second quarter valued at about $398,000. Schechter Investment Advisors LLC purchased a new position in Rezolve AI in the 1st quarter worth $107,000. Finally, Bank of America Corp DE purchased a new position in Rezolve AI during the 2nd quarter worth approximately $159,000. 27.96% of the stock is currently owned by institutional investors.
Rezolve AI Company Profile
(
Get Free Report)
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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