Rezolve AI (NASDAQ:RZLV) Trading 5.4% Higher - Still a Buy?

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s stock price traded up 5.4% during mid-day trading on Thursday . The company traded as high as $3.15 and last traded at $3.01. 3,682,957 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 5,366,781 shares. The stock had previously closed at $2.85.

Analysts Set New Price Targets

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

Rezolve AI Trading Down 7.1%

The stock has a fifty day simple moving average of $2.13 and a 200-day simple moving average of $2.28.

Institutional Trading of Rezolve AI

Institutional investors have recently bought and sold shares of the business. Polar Asset Management Partners Inc. purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $4,149,000. Jane Street Group LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $1,650,000. Blue Owl Capital Holdings LP purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $670,000. Geode Capital Management LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $393,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Rezolve AI in the 4th quarter valued at about $386,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.