Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price shot up 8% on Wednesday . The stock traded as high as $2.62 and last traded at $2.63. 3,916,236 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 5,633,345 shares. The stock had previously closed at $2.43.
Analyst Ratings Changes
Several research firms have recently weighed in on RZLV. HC Wainwright reaffirmed a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a report on Friday, June 13th. Roth Mkm reissued a "buy" rating and issued a $4.00 target price on shares of Rezolve AI in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $6.00.
Get Our Latest Report on RZLV
Rezolve AI Stock Performance
The stock has a 50 day moving average price of $2.30 and a 200-day moving average price of $2.24.
Institutional Trading of Rezolve AI
Institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 8,219 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Rezolve AI during the first quarter worth about $30,000. SBI Securities Co. Ltd. boosted its holdings in shares of Rezolve AI by 192.5% during the first quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock worth $35,000 after purchasing an additional 19,010 shares during the period. Summit Trail Advisors LLC purchased a new stake in shares of Rezolve AI during the first quarter worth about $40,000. Finally, Virtu Financial LLC purchased a new stake in shares of Rezolve AI during the first quarter worth about $44,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.
Rezolve AI Company Profile
(
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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.
Further Reading
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