Rezolve AI (NASDAQ:RZLV) Stock Price Up 1.6% - Should You Buy?

Key Points

• Rezolve AI's stock price increased by 1.6% during mid-day trading, reaching a high of $6.23 and a last trade at $5.06, with an impressive trading volume surge of 867% from the average.
• Analysts are optimistic about Rezolve AI, with several establishing "buy" ratings and price targets ranging from $8.50 to $9.00, resulting in an average target price of $7.31.
• Institutional investors have recently increased their positions in Rezolve AI, with 27.96% of the stock now owned by these investors after several notable new purchases in the first quarter.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price rose 1.6% during mid-day trading on Wednesday . The stock traded as high as $6.23 and last traded at $5.06. Approximately 92,664,697 shares changed hands during mid-day trading, an increase of 867% from the average daily volume of 9,585,968 shares. The stock had previously closed at $4.98.

Analyst Ratings Changes

RZLV has been the topic of several research analyst reports. Alliance Global Partners initiated coverage on shares of Rezolve AI in a research note on Friday, August 1st. They issued a "buy" rating and a $8.50 price objective on the stock. Roth Capital restated a "buy" rating and issued a $9.00 price objective (up previously from $4.25) on shares of Rezolve AI in a research note on Monday, September 15th. Finally, HC Wainwright raised their price objective on shares of Rezolve AI from $4.00 to $9.00 and gave the stock a "buy" rating 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, the company presently has an average rating of "Buy" and an average target price of $7.31.

Rezolve AI Stock Performance

The stock's 50 day simple moving average is $4.31 and its two-hundred day simple moving average is $2.81.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Schechter Investment Advisors LLC bought a new position in shares of Rezolve AI in the first quarter valued at about $107,000. Summit Trail Advisors LLC bought a new position in shares of Rezolve AI in the first quarter valued at about $40,000. SBI Securities Co. Ltd. raised its holdings in shares of Rezolve AI by 192.5% in the first 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 last quarter. FNY Investment Advisers LLC bought a new position in shares of Rezolve AI in the first quarter valued at about $30,000. Finally, Two Sigma Investments LP bought a new position in shares of Rezolve AI in the fourth quarter valued at about $110,000. 27.96% of the stock is owned by institutional investors.

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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