Rezolve AI (NASDAQ:RZLV) Trading Up 5% - Time to Buy?

Key Points

• Rezolve AI's stock price rose by 5% during Thursday's trading, reaching a high of $3.01 before closing at $2.95.
• HC Wainwright has reissued a "buy" rating for Rezolve AI, setting a target price of $4.00, with an average target price from analysts at $6.00.
• Institutional investors and hedge funds collectively own approximately 27.96% of Rezolve AI's shares, indicating growing interest in the company.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price was up 5% on Thursday . The stock traded as high as $3.01 and last traded at $2.95. Approximately 5,665,248 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 6,703,357 shares. The stock had previously closed at $2.81.

Wall Street Analyst Weigh In

Several analysts have weighed in on RZLV shares. Alliance Global Partners started coverage on Rezolve AI in a report on Friday. They issued a "buy" rating and a $8.50 target price on the stock. HC Wainwright reissued a "buy" rating and issued a $4.00 target price on shares of Rezolve AI in a report on Friday, June 13th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Rezolve AI currently has a consensus rating of "Buy" and an average target price of $6.36.

Rezolve AI Price Performance

The firm has a 50-day moving average price of $2.48 and a 200 day moving average price of $2.19.

Institutional Trading of Rezolve AI

Several hedge funds have recently added to or reduced their stakes in the business. Hartford Financial Management Inc. bought a new stake in shares of Rezolve AI in the 2nd quarter worth $31,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Rezolve AI in the 2nd quarter worth $57,000. Wolverine Asset Management LLC raised its position 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. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Rezolve AI during the fourth quarter worth $88,000. Finally, Retireful LLC acquired a new stake in shares of Rezolve AI during the second quarter worth $75,000. Institutional investors own 27.96% of the company's stock.

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.