Rezolve AI (NASDAQ:RZLV) Sees Large Volume Increase - Should You Buy?

Key Points

• Rezolve AI (NASDAQ:RZLV) experienced unusually high trading volume, with approximately 8.24 million shares traded on Wednesday, marking a slight decrease from the previous day.
• Multiple analysts have recently upgraded their price targets for Rezolve AI, with Alliance Global Partners setting a target of $8.50 and Roth Capital increasing their target from $4.25 to $9.00.
• Institutional investors currently own about 27.96% of Rezolve AI's stock, with several funds including Polar Asset Management and Two Sigma Investments recently making new positions in the company.

Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 8,240,194 shares were traded during trading, a decline of 1% from the previous session's volume of 8,294,849 shares.The stock last traded at $6.99 and had previously closed at $7.35.

Wall Street Analyst Weigh In

RZLV has been the subject of a number of analyst reports. Alliance Global Partners initiated coverage on Rezolve AI in a report on Friday, August 1st. They set a "buy" rating and a $8.50 price objective for the company. Roth Capital reissued a "buy" rating and set a $9.00 price objective (up from $4.25) on shares of Rezolve AI in a report on Monday. Finally, HC Wainwright lifted their price objective on Rezolve AI from $4.00 to $9.00 and gave the company a "buy" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat, Rezolve AI presently has an average rating of "Buy" and a consensus price target of $7.31.

Rezolve AI Stock Down 3.3%

The stock has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $2.58.

Institutional Trading of Rezolve AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new stake in Rezolve AI in the second quarter worth about $31,000. Bank of America Corp DE acquired a new stake in Rezolve AI in the second quarter worth about $159,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Rezolve AI in the second quarter worth about $153,000. The Manufacturers Life Insurance Company acquired a new position in shares of Rezolve AI during the 2nd quarter worth about $96,000. Finally, Invesco Ltd. acquired a new position in shares of Rezolve AI during the 2nd quarter worth about $147,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.