Rezolve AI (NASDAQ:RZLV) Shares Gap Up - Should You Buy?

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $2.65, but opened at $2.90. Rezolve AI shares last traded at $2.85, with a volume of 5,497,174 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RZLV shares. Roth Mkm reiterated a "buy" rating and issued a $4.00 target price on shares of Rezolve AI in a research report on Wednesday, March 19th. HC Wainwright restated a "buy" rating and issued a $4.00 price objective on shares of Rezolve AI in a report on Friday, June 13th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Rezolve AI currently has a consensus rating of "Buy" and a consensus price target of $6.00.

Rezolve AI Stock Up 7.5%

The stock has a 50 day moving average price of $2.31 and a two-hundred day moving average price of $2.24.

Institutional Trading of Rezolve AI

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC boosted its holdings in Rezolve AI by 62.1% during the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock worth $26,000 after buying an additional 8,219 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Rezolve AI by 192.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock valued at $35,000 after purchasing an additional 19,010 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Rezolve AI during the 4th quarter valued at about $88,000. Retireful LLC bought a new stake in Rezolve AI in the 2nd quarter valued at approximately $75,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Rezolve AI during the 1st quarter worth approximately $30,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

Rezolve AI Company Profile

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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